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The young today may be the first cohort to experience large-scale precarity

Berry, Craig and McDaniel, Sean (2020) The young today may be the first cohort to experience large-scale precarity. LSE Business Review (02 Jan 2020). Blog Entry.

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Abstract

The 2008 crisis crystallised the trend towards ‘precarious’ labour market conditions – stagnation in earnings growth, skills under-utilisation, labour market ‘hollowing out’, and the emergence of ‘gig economy’ practices – which disproportionately affect young people. Insecure employment is not new, especially in lower-skilled occupations, although it may have reached a new peak since the crisis. Indeed, two decades ago, Richard Sennett warned of ‘flexible capitalism’, wherein uncertainty and instability were becoming ‘woven into the everyday practices of a vigorous capitalism’.

Item Type: Online resource (Blog Entry)
Official URL: https://blogs.lse.ac.uk/businessreview/
Additional Information: © 2020 The Author(s)
Divisions: LSE
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Date Deposited: 08 Mar 2021 09:57
Last Modified: 09 Sep 2021 23:03
URI: http://eprints.lse.ac.uk/id/eprint/108970

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