Saskia Sassen
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Deconstructing labour demand
Implications for low-wage employment
in Western capitalism in transition
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This chapter examines major changes in the organisation of economic activity over the last twenty or more years. These changes have emerged as a source of general economic insecurity, low-wage jobs, and new forms of employment-centred poverty. The chapter focuses on the major policies that have affected the condition of low-wage workers, and the growth dynamics in advanced service economies, especially the systemic outcomes concerning labour demand. It explains the ways in which the new terms of employment that have come about since the 1980s may also be contributing to insecurity and poverty. A key factor is the restructuring of labour markets that is part of deeply embedded features of advanced service economies. One of the most extreme forms of the casualisation of the employment relation is the informalisation of a growing array of activities.

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Western capitalism in transition

Global processes, local challenges


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