Work security in a global economy

Area of Science:

• Socioeconomics
• Labor Economics
• Political Economy

Background:

• Work security was a cornerstone of post-WWII capitalism, supported by strong worker organizations.
• Contemporary globalization shifts power to capital, undermining national efforts to ensure job security and worker welfare.
• The current global economic order presents significant challenges to achieving universal work security.

Purpose of the Study:

• To analyze the impact of modern globalization on work security.
• To explore the necessity of international labor standards in the face of diminished national autonomy.
• To examine three specific initiatives aimed at enhancing global work security.

Main Methods:

• Conceptual analysis of globalization's political and ideological dimensions.
• Review of historical trends in labor policy and welfare states.
• Examination of proposed international labor standards and initiatives.

Main Results:

• Globalization, as a political movement, prioritizes capital over labor, impeding national work security policies.
• Existing national frameworks are insufficient to address the challenges posed by globalized markets.
• International labor standards are identified as a necessary mechanism to safeguard social welfare globally.

Conclusions:

• Globalization significantly undermines work security by empowering capital over labor and governments.
• Effective international labor standards are essential to combat unemployment, poverty, and social exclusion.
• The study highlights three key initiatives for promoting global work security in the current economic landscape.