Peer-Reviewed Journal Details
Mandatory Fields
Cushen J.;Thompson P.
2016
April
Work, Employment and Society
Financialization and value: why labour and the labour process still matter
Published
33 ()
Optional Fields
financialization labour process mechanisms value extraction
30
2
352
365
© 2016, © The Author(s) 2016. Despite expanding literatures on financialization, scholarship exploring its relationship to labour and the labour process remains under-developed. A further obstacle has arisen from arguments that novel financialized modes of value extraction render the labour process and labour process analysis less relevant. This article challenges that view and explores how the labour process is still a vital focal point for value creation and extraction. It sets out what scholars should ‘look for’ to understand the ways in which distinctively financialized mechanisms operate in non-financial corporations and how these dynamics are translated into outcomes for and through labour. The article then provides four key propositions, drawing on labour process theory, which specify how those mechanisms are operationalized and their consequences.
0950-0170
10.1177/0950017015617676
Grant Details