Cushen, Jean and Thompson, Paul (2016) Financialization and value: why labour and the labour process still matter. Work, Employment and Society, 30 (2). pp. 352-365. ISSN 0950-0170

Preview

Download (89kB) | Preview

Abstract

Despite expanding literatures on financialization, scholarship exploring its relationship to labour and the labour process remains under-developed. A further obstacle has arisen from arguments that novel financialized modes of value extraction render the labour process and labour process analysis less relevant. This article challenges that view and explores how the labour process is still a vital focal point for value creation and extraction. It sets out what scholars should ‘look for’ to understand the ways in which distinctively financialized mechanisms operate in non-financial corporations and how these dynamics are translated into outcomes for and through labour. The article then provides four key propositions, drawing on labour process theory, which specify how those mechanisms are operationalized and their consequences.

Item Type:	Article
Keywords:	financialization; labour process; mechanisms; value extraction;
Academic Unit:	Faculty of Social Sciences > School of Business
Item ID:	11235
Identification Number:	https://doi.org/10.1177/0950017015617676
Depositing User:	Jean Cushen
Date Deposited:	11 Oct 2019 16:57
Journal or Publication Title:	Work, Employment and Society
Publisher:	Sage Publications
Refereed:	Yes
URI:	Publisher

Repository Staff Only(login required)

Item control page

Downloads