Financialisation and labour in the Australian commercial construction industry

Dick Bryan, Michael Rafferty, Phillip Toner and Sally Wright
Additional contact information
Dick Bryan: University of Sydney, Australia
Michael Rafferty: RMIT University, Australia
Phillip Toner: University of Sydney, Australia
Sally Wright: University of Warwick, UK

The Economic and Labour Relations Review, 2017, vol. 28, issue 4, 500-518

Abstract: Financialisation and financial risk have become current buzzwords, but the connections between finance and labour are not well developed. Often labour is cast simply as the distributional victim of developments like shareholder value, the privatisation of public infrastructure and labour market reform. This article engages developments in the construction industry and locates a growing financial logic inside ‘production’ and work in that sector. Through the concepts of liquidity and risk, we identify causal connections, not just parallels, between financial innovation and the reorganisation of the logic and structure of work in the Australian construction and property services industry.

Keywords: Construction; financialisation; liquidity; risk; sub-contracting; work (search for similar items in EconPapers)
JEL-codes: F36 G00 J41 L23 L24 L74 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:ecolab:v:28:y:2017:i:4:p:500-518

DOI: 10.1177/1035304617739504

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