Abstract

IBARRA, David. The Lags of Social Policy. Economía UNAM [online]. 2014, vol.11, n.33, pp.26-51. ISSN 1665-952X.

Income and wealth concentration and labor markets obsolescence translate themselves in social insecurity for the populations. The main social covenants are broken, labor's gnp share and salaries are retreating, while labor surpluses explain chronic unemployment in some countries and informal occupations in others, both of which deprive society of adequate protection and deteriorate gubernamental legitimacy. At the global and national levels, it is time to revise or replace the impaired functions of the labor markets in mediating between market and democracy. And perhaps it is also time for the governments to fight for the collective interests instead for those of the economic elite. In spite of the presentation and discussion of some partial changes in economic and social policies, the prevailing world ideology is ill prepared to assimilate such changes and formulate a different world order. Anyhow we have to think in ways to correct the prevailing social inequalities, as well as, an unending world crisis.

Keywords : Labor Market; Income Distribution; Wages; Unemployment.