308.2
Global Financial Class and Precarious Work Societies
The purpose of this paper is to investigate whether the formation of a global financial class is paralleled by the development of a global precarious work society. Taking global developments into account, the paper will trace differentiating and integrating aspects of global work relationships. While the formation of a global financial class could be described as a new integrating and collectivising element in the global economy, I argue that it comes with a shadow side. This shadow side I describe as a global precarious work society. Wherever we can observe the development of a global financial class, the development of a precarious layer of work relationships is not far behind. The paper will map out which industries, which population groups or economies play which role in the development of a global precarious work society. The formation of a global financial class and the development of a global precarious work society ultimately cannot be separated and need to be looked at as social consequences of financialisation as a differentiating and integrating process.