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Title: The United States: Economic Crisis, Productive Restructuring and the New Precarious Labor Conditions

Citation Type: Journal Article

Publication Year: 2012

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Abstract: The contemporary economic crisis should be considered within the framework of the contradictions created by theneoliberal model that was adopted in the mid-1970s, in the United States and throughout much of the world. The changes inthe labor market and new forms of workforce exploitation based on deregulation, the increase of off-shoring, and flexiblehiring practices have led to new precarious labor conditions. Due to the crisis, the United States labor market has beencharacterized by four factors: the increase of the unemployment, the unedited growth of the informal sector, a dramatic increase in precarious labor conditions for all workers, especially young people, minorities, and immigrants, and the increasing wage polarization. However, capitalist profit rates have actually substantially increased due to neoliberal policies and the resulting economic crisis. This situation led to a rise in the overexploitation of labor. It has had subsequent effects on unemployment, informal work, precarious labor conditions, and unequal salary distribution, especially in recently created positions. Increased labor flexibility has changed the typical forms of wage employment, and stable employment has been replaced by temporary and part-time employment usually with low wages and without social security and benefits.

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Authors: Castillo Fernndez, Ddimo

Periodical (Full): Sociology Study

Issue: 10

Volume: 2

Pages: 779-796

Data Collections: IPUMS CPS

Topics: Labor Force and Occupational Structure

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