Contradictions and crisis in the world of work in the present conjuncture: Informality, precarity and the pandemic

Surbhi Kesar, Snehashish Bhattacharya and Lopamudra Banerjee
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Snehashish Bhattacharya: Faculty of Economics, South Asian University
Lopamudra Banerjee: Society Culture and Thought, Bennington College

No 253, Working Papers from Department of Economics, SOAS University of London, UK

Abstract: The severe economic impact of the COVID-19 pandemic on the global working population can be interpreted as both a fallout from, and a violent assertion of, a larger crisis in the world of work. While this crisis has been attributed to the pre-existing conditions of widespread informality and precarity in the domain of remunerative work, we dig deeper to read these conditions and the crisis tendencies as articulations of certain key contradictions that define the world of work in the present conjuncture of global capitalism. From an overdeterminist conjunctural perspective, we see the crisis as a moment of accumulation and condensation of multiple complex contradictions across different levels of society. We highlight three specific contradictions: that between capital and labour in the ‘interior’ space of capital, that between capital and its ‘outside’, and those emerging from ‘dispersion’ of the circuit of capital to its ‘outside’. The ‘outside’ is the economic space that exists within the capitalist social formation but represents the domain of unwaged work carried out in the processes of non-capitalist commodity production and distribution, both within and outside the space of the household. We argue that the expanded reproduction of capital has sharpened this triage of contradictions in the present conjuncture in specific ways in the global South and the global North through continuous informalization of work, exclusion of masses of population from the ‘interior’ domain of capital, and insistent dispersion of the circuit of capital to its ‘outside’ through various forms of ‘non-standard’ labour processes and work arrangements. We provide some illustrations of how these processes have registered and contributed to the crisis situation in the times of the pandemic.

Keywords: contradictions; crisis; informality; world of work; pandemic (search for similar items in EconPapers)
Pages: 273
Date: 2020-10, Revised 2022-10
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