Labour Market assignment help



Jamie Peck, echoing others, argues that labor is a fictive commodity and that labor markets are socially regulated. Why is labor (and more specifically labor power) a fictive commodity? What are the ways in which labor is incorporated, allocated, controlled, and reproduced that distinguish labor as a fictive commodity in a capitalist system? Why are labor markets considered to be socially regulated? What are the various institutions that regulate the labor market and how do they do so? How do these modes of social regulation influence or produce inequalities in the labor market for workers?

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