Financiarización, empleo y salario en la UEel impacto de las nuevas estrategias empresariales

Abstract

The aim of this paper is to analyze how the process of financialization experienced by the EU economies since 1980, has changed the strategies of large non-financial corporations, thereby altering the pattern of wage growth and job creation. To this end, we analyze the link between financialization and the changes occurred in the distribution of profits, investment decisions, corporate restructuring and new forms of remuneration related to employee shareholding participation. This change in business strategies has resulted "directly or indirectly" in slower rates of job creation, erosion of bargaining power of employees and greater wage restraint.