SOC308H1 Lecture Notes - Lecture 7: Labour Market Flexibility, Precariat, International Inequality
Document Summary
Some of the factors giving rise to the working poor, talks about dropping wages at the bottom, increasing profits at the top. Linked to the growth of globalization and austerity measures. Rise of the service industry, growth of contract and temporary work, decrease of unions. The mythologies about social and economic costs of rising minimum wage. Changes in the ways government and institutions define the poor: standing: Precariat classified under the concept of uncertainty, part of precarious working conditions. The flexible labor market a labor market in which firms and companies are under fewer regulations, they are in positions to set wages, fire employees under different conditions, these changes become institutionalized and the norm. Isomorphism refers to the process by which organizations become more like each other over time, morph together, this is through practices, similar organizational cultures, similar goals etc. Critics of flexible labor markets see features of it become institutionalized, not just in corporations but within the state.
