2017
DOI: 10.1177/0309816817738318
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The state and class discipline: European labour market policy after the financial crisis

Abstract: This paper looks at two related labour market policies that have persisted and even proliferated across Europe both before and after the financial crisis: wage restraint, and punitive workfare programmes. It asks why these policies, despite their weak empirical records, have been so durable. Moving beyond comparative-institutionalist explanations which emphasise institutional stickiness, it draws on Marxist and Kaleckian ideas around the concept I that under financialisation, the need for states to implement p… Show more

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Cited by 20 publications
(25 citation statements)
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“…A number of the case studies highlighted in this paper suggest there may be limits to employer and state adherence to the sustained deregulation of employment relations' characteristic of the post-Thatcher period. Arguments based upon the financialisation or short-termism of the UK economy indicate that such commitment is resistant to a concept of the long-term management of capitalist economies (Umney, Greer, Onaran and Symon, 2018) and does not stabilise capital accumulation in the long run. This may particularly be the case where flexible labour markets mean fragmented bargaining, contractual differentiation and the loss of skill and experience (Crouch, 2015), along with unintended consequences in terms of internal equity.…”
Section: The Wage Share and Collective Bargainingmentioning
confidence: 99%
“…A number of the case studies highlighted in this paper suggest there may be limits to employer and state adherence to the sustained deregulation of employment relations' characteristic of the post-Thatcher period. Arguments based upon the financialisation or short-termism of the UK economy indicate that such commitment is resistant to a concept of the long-term management of capitalist economies (Umney, Greer, Onaran and Symon, 2018) and does not stabilise capital accumulation in the long run. This may particularly be the case where flexible labour markets mean fragmented bargaining, contractual differentiation and the loss of skill and experience (Crouch, 2015), along with unintended consequences in terms of internal equity.…”
Section: The Wage Share and Collective Bargainingmentioning
confidence: 99%
“…The 2008 financial crisis provides a further example of the Labour Party’s betrayal of the working class (Winlow & Hall 2017). The party failed to offer a renewed socioeconomic project; broadly agreed with the political Right about the provision of publicly funded loans to banks alongside public sector austerity as solutions to the crash; including wage restraints and punitive policies that have served to discipline the labour force (see Umney et al 2017). Historically, austerity has failed to deliver on its promise of economic growth and recovery (see Blyth 2013).…”
Section: Discussionmentioning
confidence: 99%
“…However, a concern is that some citizens disapprove of the activity plans, considering them disciplinary and punitive rather than beneficial and humanitarian. Citizens may feel pressured to enter a labor market for which they feel unprepared (Umney et al, 2018). Thus, in some respects, this new management model lacks the acceptance it seeks.…”
Section: Digital Discretion In the Application Processmentioning
confidence: 99%