An earlier post considered Dave Elder-Vass’s very interesting treatment of the contemporary digital economy. In Profit and Gift in the Digital Economy Elder-Vass argues that the vast economic significance of companies like Google, FaceBook, and Amazon in today's economy is difficult to assimilate within the conceptual framework of Marx’s foundational ideas about capitalism, constructed as they were around …
How is “work” socially constituted?
How does "work" take shape in an advanced manufacturing and service economy? Is the division of labor a natural outcome of technology, or is it the result of a concrete set of social processes involving the strategies and interests of several groups? What kinds of social processes determine the bundle of skills, knowledge, and training …
How to think about work
Work defines a large portion of life in any society, traditional or modern. How should we think about the social and economic forces that create "work"? What are the institutions and practices through which individuals use their bodies, brains, skills, and talents to create value within a given set of economic relationships? These questions are just …
The talent supply chain
I had an interesting discussion with a senior executive of Kelly Services that provided some very striking new perspectives on the world of work. Kelly Services is a global workforce solutions company, providing temporary and medium-term workers with a very wide range of specialized skills (link). One thing that was particularly striking is the fact …
A jobless future?
Stanley Aronowitz and William DiFazio wrote a pretty gloomy book in 1994 with the striking title, The Jobless Future. Here is a Harvard Educational Review discussion of the book (link). What is most discomforting in reading the book today is the degree to which the factors they identify seem to be today's headlines. What does jobless mean …
Marx on a global wage
What is the longterm tendency in the wage for relatively unskilled labor? In the United States we've been thinking about this problem in the past three decades in the context of "outsourcing" and the flight of manufacturing jobs to low-wage countries. Moderate- and high-wage industrial jobs have left the country in large numbers. In the …
Intangible services
Neoclassical economics presents a pretty simple theory of the equilibrium price of a manufactured good. This theory also extends to a theory of the wage for skilled and unskilled labor. We postulate production and demand curves, and the equilibrium price is the point where supply equals demand. The supply curve is influenced by factors governing …
More on jobs and people in Michigan
Olivier Blanchard and Lawrence Katz did an important empirical study of regional adjustment to employment shock in 1992 (link). Here is their central conclusion: "We have shown that most of the adjustment of states to shocks is through movements of labor, rather than through job creation or job migration." (54) In other words, they find …
Works councils and US labor relations
image: Diego Rivera, Rouge Plant mural, Detroit Institute of Arts The United States has one of the lowest rates of union representation of all developed countries. The 1994 level of unionized workers in the US had fallen to about 12 percent of private sector employment, and the trend is downward. And the sole institutional form …
Rebuilding employment
The Federal Reserve Bank of Chicago hosted a two-day conference in Detroit this week on the subject of work force adjustment (link). It was convened by the Federal Reserve Bank, the W. E. Upjohn Institute for Employment Research, and the Brookings Institution Metropolitan Policy Program. This is one of the many efforts underway to attempt …
Understanding Society 