Some economists also use the terms Fordism and pos-Fordism to mark the shift from an economy characterized by the stable-long-term employment typical of factory workers to one marked by flexible, mobile, and precarious labor relations: flexible because workers have to adapt to different tasks, mobile because workers have to move frequently between jobs, and precarious because no contracts guarantee stable, long-term employment. Whereas economic modernization, which developed Fordist labor relations, centered on the conomies of scale and larga systems of production and exchange, economic postmodernization, with its post-Fordist labor relations, develops smaller-scale, flexible systems.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "Some economists also use the terms Fordism and pos-Fordism to mark the shift from an economy characterized by the stable-long-term employment typical of factory workers to one marked by flexible, mobile, and precarious labor relations: flexible because workers have to adapt to different tasks, mobile because workers have to move frequently between jobs, and precarious because no contracts guarantee stable, long-term employment. Whereas economic modernization, which developed Fordist labor relations, centered on the conomies of scale and larga systems of production and exchange, economic postmodernization, with its post-Fordist labor relations, develops smaller-scale, flexible systems." in the context of "(112)" to mean that wisdom is timeless.