Rising Inequalities and Reconstruction of Labour Capital Compromises

The so-called golden years of capitalism took place under the auspices of a broad political consensus that labour should be protected and benefit from economic growth. This compromise eroded in the 1980s and 1990s as shown by the rise in income inequalities and in unemployment. At the turn of the ce...

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Main Author: Petit, Pascal (Author)
Format: Ebooks
Published: IntechOpen, 2018-12-13.
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Summary:The so-called golden years of capitalism took place under the auspices of a broad political consensus that labour should be protected and benefit from economic growth. This compromise eroded in the 1980s and 1990s as shown by the rise in income inequalities and in unemployment. At the turn of the century, it became clear that the sustainability of the global economy was at stake. It is useful in this perspective to assess, as this chapter attempts to do, both the conditions in which the old compromise of the welfare states collapsed and how then the discussions on the sustainable development goals can be implemented and play the role of a new capital labour compromise at world level.
Item Description:https://mts.intechopen.com/articles/show/title/rising-inequalities-and-reconstruction-of-labour-capital-compromises