 ConclusionMehmet Cangul Chapter Chapter 6 in Toward a Future Beyond Employment, 2014, pp 173-188 from Palgrave Macmillan Abstract: Abstract The traditional concept of work is facing a crisis in advanced economies; I claim this is not so much a crisis of numbers, unemployment rate (that can be a misleading number in the first place), but rather of the very concepts underlying labor. It is the inconsistency between the underlying extinction of the traditional notions of work and the insistence on continuing a dying paradigm that is resulting in a self-perpetrated crisis. This inconsistency has long existed, but it was the latest wave of the crisis that exposed it. Economic growth does have an inevitable connection to the growth of labor. However, economic growth, especially one that is fuelled by demand, credit flow (fuelled by reserve currency), and growth of derivative industries, camouflages structural changes that can manifest themselves eventually as crises in the form of unresolved tension points. Thus economic growth and growth of labor can jointly reinforce certain structural excesses and inefficiencies until the point of correction. Keywords: Advanced Economy; Reserve Currency; Tangible Production; Underlying Extinction; Structural Excess (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-34742-8_6 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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