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The Death of Job Stability

Temp covers a century of economic history in which a dismal dynamic emerges. First, corporations grow immense and finance becomes central to their operation. Unions fight to harness them, and succeed. This creates stable, “good” jobs for the first time in history. Corporations then abandon immensity, self-immolate, and shrink. They slip labor’s collar. Free of unions, businesses embrace risk-taking, and hire temporary workers that don’t require benefits. Businesses fare the transition fine. Workers do not. Wages stagnate in the 1970s and continue to do so to this day.

Posted in: Monographs & Edited Collections on 01/09/2019 | Link to this post on IFP |
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