U.S. officials viewed unemployment as a deliberate worker-discipline tool.

Evidence

Similarly, US Treasury Secretary Janet Yellen wrote in a memo to then Fed Chairman Alan Greenspan in 1996 that unemployment “serves as a worker-discipline device because the prospect of a costly unemployment spell produces sufficient fear of job loss to motivate workers to perform well without constant, costly supervision.” — Clara E. Mattei, Escape from Capitalism, 18

Categorization

  • XREF: This echoes the Marxist ‘reserve army of labor’ concept and Marx’s primitive-accumulation account of the discipline of want. — connects to: Unemployment functions as a deliberate worker-discipline device — Clara E. Mattei, Escape from Capitalism: An Intervention, 18; Unemployment serves as discipline that keeps employed workers docile and grateful — Clara E. Mattei, Escape from Capitalism, 282; Unemployment functioned as a deliberate political weapon to weaken labor — Clara E. Mattei, The Capital Order: How Economists…, 994 (+9 more)

Broader Connections