Workers face uncertainty with financialization from "summary" of Labor in the Age of Finance by Sanford M. Jacoby
The rise of financialization has introduced a new level of uncertainty into the lives of workers. In the past, workers could rely on stable employment and steady wages to support themselves and their families. However, with the increasing influence of finance on the economy, this sense of security has eroded. Financialization has led to a shift in the way that companies operate, with a greater emphasis on shareholder value and short-term profits. This has resulted in a focus on cost-cutting measures, such as outsourcing and downsizing, which can lead to job insecurity for workers. In addition, the rise o...
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