Cited by 473Digital Economy and Work TransformationEmployment, Labor, and Gender StudiesLegal and Labor Studies

The human capital hoax: Work, debt and insecurity in the era of Uberization

Fleming, Peter·2017·Organization Studies

Abstract

Human capital theory – developed by neoclassical economists like Gary Becker and Theodore Schultz – is widely considered a useful way to explain how employees might enhance their value in organizations, leading to improved skill, autonomy and socio-economic wellbeing. This essay argues the opposite. Human capital theory implies that employees should bear the costs (and benefits) of their investment. Highly individualized training and work practices are an inevitable corollary. Self-employment, portfolio careers, the ‘gig economy’ and on-demand business models (including Uber and Deliveroo) faithfully reflect the assumptions that inform human capital theory. I term this the radical responsibilization of the workforce and link it to growing economic insecurity, low productivity, diminished autonomy and worrying levels of personal debt. The essay concludes by proposing some possible solutions.

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Crossref · 10.1177/0170840616686129

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  • Algorithmic scheduling may facilitate the implementation of an organizational strategy towards zero-hours contracts, resulting in lower job stability.

    “Similarly, algorithmic scheduling may facilitate the implementation of an organizational strategy towards zero-hours contract (Fleming, 2017;Moore & Hayes, 2017, 2018), resulting in lower job stability.”

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Authors
Fleming, P.
Affiliations
City, University of London (GB)
Corresponding author
Fleming, Peter
Venue
Organization Studies
Published
2017-01-24
Volume
38
Issue
5
Pages
691-709
ISSN
  • 0170-8406 (ISSN-L)
  • 1741-3044
OpenAlex
W2580351931
Cited by
473
References
0
Citations by year
2026: 32 · 2025: 46 · 2024: 60 · 2023: 61 · 2022: 94 · 2021: 68 · 2020: 52 · 2019: 34 · 2018: 23 · 2017: 2 · 2013: 1
FWCI
77.76
Type
journal article
Language
en
Open access
closed
Locations
  • Organization Studies (publishedVersion)
  • City Research Online (City University London) (acceptedVersion)
Topics
  • Social Sciences › Sociology and Political Science › Digital Economy and Work Transformation
  • Social Sciences › Safety Research › Employment, Labor, and Gender Studies
  • Social Sciences › Business, Management and Accounting › Industrial relations › Legal and Labor Studies
Keywords
human capital theory, gig economy, Uberization, personal debt, economic insecurity, employee autonomy, responsibilization, self-employment, portfolio careers, on-demand work, low productivity, employee training, neoliberalism

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