Global Labour in Distress, Volume II: Earnings, (In)decent Work and Institutions

The book explores the transformations to the labor market since 1991, analyzing how labor institutions have responded to the challenges faced over the last 30 years. It is relevant to students and researchers interested in labor economics, political economy, and development economics.

Format: Hardback
Length: 683 pages
Publication date: 02 January 2023
Publisher: Springer Nature Switzerland AG

This comprehensive two-volume set delves into the profound transformations that have shaped the labor market since the official end of the Cold War in 1991. This pivotal period is characterized by a significant retreat of the state and a gradual shift towards market-oriented economies, culminating in a subsequent resurgence of state intervention with the onset of the Great Recession. Throughout these turbulent decades, the labor market has experienced a series of upheavals, leading to a reevaluation of labor policies and practices.

The second volume of this esteemed work specifically focuses on examining labor earnings, inequality, underemployment, (in)decent work, and labor market policies. Its primary objective is to explore how labor institutions, both in developed and developing countries, have responded to the myriad challenges encountered over the past three decades. This book holds immense relevance for students and researchers engaged in the fields of labor economics, political economy, and development economics, as it provides a comprehensive and insightful analysis of the evolving dynamics of the labor market.

In the opening chapter, the authors provide a historical overview of the post-Cold War era, highlighting the significant shifts in global economic power and the emergence of new economic actors. They argue that these developments have had a profound impact on the labor market, leading to the emergence of new forms of employment and the erosion of traditional labor protections. The chapter also explores the role of technology and globalization in shaping the labor market, emphasizing their potential to create both opportunities and challenges for workers.

The subsequent chapters delve into the various aspects of labor market transformation. Chapter 2 examines the changing nature of work, highlighting the increasing prevalence of flexible and precarious employment arrangements. The authors explore the implications of these changes for workers, including reduced job security, lower wages, and limited access to benefits. They also discuss the strategies employed by workers to navigate the changing labor market, such as informal employment, self-employment, and unionization.

Chapter 3 focuses on labor earnings and inequality, examining the trends in wage distribution and the factors contributing to income inequality. The authors explore the role of globalization, technological change, and labor market institutions in shaping wage inequality, and they propose policy interventions to address these issues. They also discuss the impact of income inequality on social and economic outcomes, such as health, education, and social mobility.

Chapter 4 explores underemployment, particularly in developed countries, examining the causes and consequences of underemployment. The authors argue that underemployment is not just a problem of low wages but also of job quality and job security. They explore the strategies employed by workers to cope with underemployment, such as job switching, part-time work, and temporary employment. They also discuss the policy interventions aimed at reducing underemployment, such as job training programs, minimum wage laws, and labor market regulations.

Chapter 5 examines (in)decent work, a concept that encompasses both economic and social dimensions of employment. The authors argue that (in)decent work is essential for the well-being and social mobility of workers. They explore the various dimensions of (in)decent work, including job security, fair wages, social protection, and work-life balance. They also discuss the challenges faced by workers in achieving (in)decent work, such as discrimination, exploitation, and precarious employment.

Chapter 6 focuses on labor market policies, examining the various policies implemented by governments and other institutions to regulate the labor market. The authors discuss the role of labor market institutions in shaping employment outcomes, such as the impact of trade unions. They also explore the challenges faced by policymakers in designing and implementing effective labor market policies, such as the trade-off between job creation and income inequality.

In conclusion, this two-volume set provides a comprehensive and insightful analysis of the transformations to the labor market observed since the offi cial end of the Cold War in 1991. It offers a rich and nuanced understanding of the challenges faced by workers, employers, and policymakers in a rapidly changing global economy. The authors' expertise and scholarship make this book an invaluable resource for students, researchers, and policymakers alike. As we navigate the uncertain waters of the 21st century, it is essential to have a comprehensive understanding of the labor market and the policies that shape it. This book provides a valuable contribution to our collective knowledge and understanding of this critical aspect of our social and economic landscape.

Weight: 1040g
Dimension: 215 x 155 x 47 (mm)
ISBN-13: 9783030892647
Edition number: 1st ed. 2022