[...] today’s working class differs not only in industrial composition and regional concentration from that of the 1960s and 1970s, but in ethnic and racial content as well. The terrain on which the working class and the oppressed fight necessarily changes as the structure and contours of global and domestic capitalism change. It will be argued here that the process of disintegration of the old industrial corridors and regions has been replaced by new and mostly different geographic patterns and structures of concentration with the potential for advances in working-class organization and rebellion.
The late 1970s would see the beginning of the neoliberal era after a decade or more of labor rebellion, low growth, and declining productivity combined with rising inflation—known as “stagflation.” Characterized by deregulation of industry, privatization of public services, cuts in the welfare state, tax cuts for corporations and the wealthy, undermining of labor rights, and a general emphasis on “the market” as the salvation of the economy, neoliberalism emerged in the United States as the Democratic Carter administration and Congress defeated labor law reform and passed measures to deregulate truck and air transportation. It would accelerate under Reagan and again under Clinton to become the new norm of economic policy and business preference. Neoliberalism was, as David Harvey has argued, a project to restore class power to the economic elite.
In the period beginning in the 1980s, globalization accelerated, and outsourcing and various forms of workforce “flexibility” increased, along with internationalized production through global value chains (GVC). These developments appeared to fragment and dissolve the power of the traditional working class across much of the industrial North. Yet, under the very same pressures of global competition, just-in-time-driven logistics systems restructured and integrated the movement of materials within the United States (and around the world), and, beginning in the mid-1990s, the biggest wave of mergers and acquisitions in American history reshaped and consolidated capital as businesses sought to reassert their power in global markets and increase control over the workforce. As a consequence, it will be argued here, capitalism has entered a new phase in which the working class is both restructured and, along with capital itself, consolidated, that is, forced together in new ways.
potentially useful summary