Bosses also strive to de-risk their position, by shifting the risk onto workers.
For example, bosses love noncompete clauses in contracts, which let
them harness the power of the government to punish their workers for
changing jobs, and other bosses for hiring them. Given a tight
noncompete, a boss can impose such high costs on workers who quit that
they will elect to stay, even in the face of degraded working
conditions, inadequate pay, and abusive management:
https://pluralistic.net/2022/02/02/its-the-economy-stupid/#neofeudal
If you have $250,000 worth of student debt and your boss has coerced
you into signing a contract with a noncompete, that means that quitting
your job will see you excluded for three years (or longer) from the
field you paid all that money to get a degree in, but you will still be
expected to pay your loans over that period. Missing the loan payments
means sky-high penalties, which is how you get situations where you
borrow $79k, pay back $190k, and
still owe $236k:....
https://pluralistic.net/2020/12/04/kawaski-trawick/#strike-debt ....
That's what bosses mean by a "flexible workforce": a workforce that can
coerced into assuming risk that properly belongs to its employers.....