Monday, November 10, 2025

[NJFAC] "Flexible labor" is a euphemism for "derisking capital"

"Flexible labor" is a euphemism for "derisking capital" Corey Doctorow
....Both workers and corporations seek to "de-risk" their position. Workers can vote for politicians who will set minimum wages, punish unsafe working conditions and on-the-job harassment, and require health and disability insurance. They can also unionize and get some or all of these measures through collective bargaining (they might even get more protections, such as workplace tribunals to protect them from jobsite harassment). These are all examples of measures that shift risk from workers to capital. If a boss hires or promotes an abusive manager or cuts corners on shop-floor safety, the company – not the workers – will ultimately have to pay the price for its managers' poor judgment.

Bosses also strive to de-risk their position, by shifting the risk onto workers. For example, bosses love noncompete clauses in contracts, which let them harness the power of the government to punish their workers for changing jobs, and other bosses for hiring them. Given a tight noncompete, a boss can impose such high costs on workers who quit that they will elect to stay, even in the face of degraded working conditions, inadequate pay, and abusive management:

https://pluralistic.net/2022/02/02/its-the-economy-stupid/#neofeudal

If you have $250,000 worth of student debt and your boss has coerced you into signing a contract with a noncompete, that means that quitting your job will see you excluded for three years (or longer) from the field you paid all that money to get a degree in, but you will still be expected to pay your loans over that period. Missing the loan payments means sky-high penalties, which is how you get situations where you borrow $79k, pay back $190k, and still owe $236k:....https://pluralistic.net/2020/12/04/kawaski-trawick/#strike-debt ....
That's what bosses mean by a "flexible workforce": a workforce that can coerced into assuming risk that properly belongs to its employers.....

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June Zaccone
National Jobs for All Network
http://www.njfac.org

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