Marx reckons that "the absolute general law of capitalist accumulation" is "modified in its working by many circumstances." Whatever the case, though, Marx is convinced that it "follows therefore that in proportion as capital accumulates, the situation of the worker, be their payment high or low, must grow worse." In the present-day context, the plight of the contingent worker now boils down to the plight of the
subemployed worker, whose swelling numbers represent a immense reservoir of highly exploitable and flexible labor-power.
Since most people in the world depend on having a job just to eat, the unemployed, the underemployed, and the "
subemployed" - a term used to describe those who work part time but need to work full time, or who earn wages that are too low to support a minimum standard of living - have neither the money nor the state of mind to keep the global mass consumption system humming.
Since most people in the world depend on having a job just to eat, the unemployed, the unemployable, the underemployed, and the "
subemployed"--a term used to describe those who work part-time but need to work full-time, or who earn wages that are too low to support a minimum standard of living--have neither the money nor the state of mind to keep the global mass consumption system humming.
Klein, "The Adequacy of the Earnings Capacity of the
Subemployed and Its Policy Implications," Ph.D.
A new class of unemployed or
subemployed people was being created as a result of the robotization and downsizing in the workplace.
the underemployed, and the "
subemployed" -- a term used to describe