英文摘要 |
This study investigates the causes of falling global labor income share in the era of neo-liberal globalization and potential policy responses to this problem. It first identifies labor traps caused by market-openness strategies undertaken by states under neo-liberal globalization. On the one hand, flexible labor market reforms accompanied with new technological progress made labor relations individualized and caused job flight. On the other hand, finance capital and financial crises affected employment recovery and growth. Secondly, the study analyzes global profiles of long-term falling labor share, including downward trends of labor share and real wages, as well as big increases in finance capital return compressing labor income share. It goes a step further to analyze socio-economic consequences of falling labor share, mainly globally persistent in-work poverty and greater social inequality, as well as overwhelming anti-neoliberalism movements by workers and social groupings. Finally, this article presents solutions to falling labor share and laborers' employment and poverty dilemmas which emphasize the pursuit of equal and sustainable development. Nations must not only move toward reform-style social democracy and economic democracy, but also need to provide overall maintenance of workers' abilities and employment protections so as to achieve sustainable socio-economic development. |