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Production relations, main components of which are labour and capital, has gone through various phases. With the rise of neoliberalism, economic relations have shifted to the global scale under the increasing influence of international trade, transnational production and global division of labour. This has increased the dependency among national economies and created a domino effect in the global markets, the last incidence of which was the unexpected existence of Covid-19 pandemic. This research focuses on 12 member states of the Organisation for Economic Co-operation and Development (OECD) that have reached the highest levels of export since the 2000s. It comparatively analyses export and industrial production levels, employment, unemployment, inactivity, wages, labour productivity and unit labour costs before and after Covid-19. It indicates that the increase in capital accumulation was owed to labour surplus before the Covid-19 period. Based on this, it argues that the disastrous effects of the pandemic were suffered by both capital and labour in the second quarter of 2020. Export and industrial production levels has started to recover from the third quarter onwards, however, no improvements have been achieved on the labour side. Keeping in mind the question of whether the loss of rights will be permanent, it argues that labour currently shoulders the economic cost of Covid-19 economic crisis.
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Primary Language | Turkish |
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Journal Section | Articles |
Authors | |
Project Number | - |
Publication Date | December 29, 2021 |
Submission Date | March 31, 2021 |
Published in Issue | Year 2021 |
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