The Economic Crisis and Employment *. WP CSDLE “Massimo D’Antona”.INT – 121/2015

Caponetti, Simone (2015) The Economic Crisis and Employment *. WP CSDLE “Massimo D’Antona”.INT – 121/2015. [Working Paper]

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Abstract

In recent years, the labour market has undergone profound legislative, structural and social changes especially in the economic and production environment: on one hand, the technological revolution has led to profound changes in the organization of businesses, making work even more fungible in mechanical terms; on the other hand, the spread of the new economy and free movement of financial capitals - this latter migrating to non-European countries where labour is cheaper, thanks to a lack of legal protections and trade unions - have generated some competitive goods imports and consequently some social dumping thus damaging the employment set. Therefore, immigration directly affects the performance of the labour market. Immigration has created a class of individuals who, stressed by their state of need, are ready to accept any work conditions, often being underpaid, and sometimes or in conjunction with, the phenomenon of so-called “moonlighting” (or undeclared job).

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