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" Relative to the stable and well-paying careers of earlier generations, today’s jobs typically involve more casual working hours, low and stagnant wages, decreasing job protections and widespread insecurity.59 This trend towards precarity has a number of causes, but one of the primary functions of a surplus population is that it enables capitalists to place extra pressure on the lucky few who have found a job.60 As the surplus grows and the labour market slackens, more workers seek after fewer jobs, and power passes over to the employers. The threat of moving a factory, for instance, is only possible with a global labour glut. The result is that employers gain strength over workers and the quality of jobs decreases (supplementing the quantity measured by unemployment statistics). This is exactly what we have seen in the past few decades. "

, Inventing the Future: Postcapitalism and a World Without Work


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 quote : Relative to the stable and well-paying careers of earlier generations, today’s jobs typically involve more casual working hours, low and stagnant wages, decreasing job protections and widespread insecurity.59 This trend towards precarity has a number of causes, but one of the primary functions of a surplus population is that it enables capitalists to place extra pressure on the lucky few who have found a job.60 As the surplus grows and the labour market slackens, more workers seek after fewer jobs, and power passes over to the employers. The threat of moving a factory, for instance, is only possible with a global labour glut. The result is that employers gain strength over workers and the quality of jobs decreases (supplementing the quantity measured by unemployment statistics). This is exactly what we have seen in the past few decades.