Financialized Labor and the Fissured Workplace: An Institutionalist Understanding of Distribution Under Money Manager Capitalism

Avraham I. Baranes

Journal of Economic Issues, 2024, vol. 58, issue 2, 627-634

Abstract: This article examines how changing economic structures and the development of the financialized business enterprise has affected labor relations and distribution under the stage of money manager capitalism as described by Hyman Minsky and Charles Whalen. Key to this transformation, I argue, is the development of what David Weil refers to as the fissured workplace and what David Peetz calls “not there capitalism.” In this context, the business enterprise operates as a network, with commands emanating from the center to be carried out by the periphery. Labor, then, contracts with these peripheral nodes, separating them from key economic decision-making processes. This reduction in power has significant implications for distribution. Using Christopher Brown’s power-based approach to the institutional theory of distribution, I then examine these impacts, especially as it pertains to workers in the gig economy before concluding with an overview of potential policy recommendations to correct these issues.

Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/00213624.2024.2344446 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mes:jeciss:v:58:y:2024:i:2:p:627-634

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MJEI20

DOI: 10.1080/00213624.2024.2344446

Access Statistics for this article

More articles in Journal of Economic Issues from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().