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
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: |
|
| Use Licence: |
This item is available under a Creative Commons Attribution Non Commercial Share Alike Licence (CC BY-NC-SA). Details of this licence are available
here |
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