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Abstract: COVID-19 has exposed underlying weaknesses in the economy, including the political economic institutions structuring work. The labor market has moved toward more precarious work, negatively affecting job quality and… Click to show full abstract
Abstract: COVID-19 has exposed underlying weaknesses in the economy, including the political economic institutions structuring work. The labor market has moved toward more precarious work, negatively affecting job quality and well-being. After a summary of the current context shaping work, I discuss a new, 2021 Top Ten list of policy proposals aimed at institutionalizing good work. This list revises ten public policies I proposed in 2003, and reconsiders how they might be updated given evolving economic structures and context. Theoretically, the article draws upon major concepts in institutional and heterodox economics: progressive institutional change, invidious distinctions, countervailing power, social balance, capabilities, caring labor, and social provisioning.
Journal Title: Journal of Economic Issues
Year Published: 2021
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