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The Housing Debate$
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Stuart Lowe

Print publication date: 2011

Print ISBN-13: 9781847422736

Published to Policy Press Scholarship Online: May 2012

DOI: 10.1332/policypress/9781847422736.001.0001

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The post-industrial economy and housing

The post-industrial economy and housing

Chapter:
(p.105) 5 The post-industrial economy and housing
Source:
The Housing Debate
Author(s):

Stuart Lowe

Publisher:
Policy Press
DOI:10.1332/policypress/9781847422736.003.0005

Globalisation compelled the UK economy into a phase of rapid restructuring, turning away from the old industries in manufacturing and mining and towards a knowledge economy based around services. This new work replaced mainly male full-time jobs with part-time female work. This reconfiguration brought with it a new welfare state paradigm that began to replace the Beveridge model with a ‘competition state’, a workfare system geared towards supporting directly efficient economic performance. A new social geography emerged with the services economy, which was located in suburbs and small towns, leaving behind declining inner cities in the heartlands of the ‘old’ economy. Two-earner households underpinned a new wave of suburban home ownership. There were thus significant complementarities between economic restructuring, welfare state reconfiguration and the further embedding of the home-owning society. Meanwhile, council housing began a rapid descent as manufacturing industries closed down. Home ownership began to play a prominent part in shaping people's welfare choices, especially after the mortgage market was reinvented, providing access to housing equity on a massive scale.

Keywords:   globalisation, deindustrialisation, counter-urbanisation, residualisation, services economy, workfare, post-industrialism

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