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The Harms of WorkAn Ultra-Realist Account of the Service Economy$
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Anthony Lloyd

Print publication date: 2018

Print ISBN-13: 9781529204018

Published to Policy Press Scholarship Online: May 2019

DOI: 10.1332/policypress/9781529204018.001.0001

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PRINTED FROM POLICY PRESS SCHOLARSHIP ONLINE (www.policypress.universitypressscholarship.com). (c) Copyright Policy Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in PPSO for personal use.date: 05 April 2020

Restructuring labour markets

Restructuring labour markets

(p.33) Two Restructuring labour markets
The Harms of Work

Anthony Lloyd

Policy Press

This chapter places the service economy in a political-economic and socio-historical context. The narrative details the emergence of a regulatory sleeve to limit the ‘animal spirits’ of capitalism’s non-ethical generative core. The post-war period of relative prosperity provides stability and a measurable sense of progress but ultimately gives way to neoliberalism at the end of the 1970s. The new ‘symbolic order’ shifts ground from security to flexibility in order to open up avenues for capital accumulation. Although successful in this respect, the impact upon labour markets and employment is significant and engenders a shift from industry and manufacturing to consumerism and service. The chapter outlines the impact of the financial crisis on labour markets and employment and demonstrates the growth of on-demand work. The key features of this chapter are the shift from security to flexibility and the composition of labour markets which now reflect imperatives of consumer culture but lack stability for employees.

Keywords:   labour markets, post-war consensus, neoliberalism, political economy, security, flexibility, post-crash crisis, on-demand economy

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