巴德学院利维经济研究所：社会契约的终结与工作的神圣化（英文版）

This paper employs the concept of “enshittification”—the systematic degradation of a service or product in the pursuit of profit—as a powerful metaphor to analyze the decay of the US labor market in the postwar era. Situating this process within Hyman Minsky’s theory of capitalist development, it argues that the current phase of money manager capitalism has accelerated a pervasive “bait-and-switch” dynamic that has emerged since the 1970s. The “bait” was the postwar social contract, which pro