Labor after Neoliberalism: The Birth of the Insecure Class in South Korea

Abstract

This article examines the rise and fall of organized labor in post-democratization, neoliberal Korea and traces the process through which a new labor underclass has been created since the late 1990s. Under the sweeping implementation of neoliberal policies, Korean labor has become increasingly fragmented, stratified, and marginalized both in the market and political arena. In this polarizing process, an ‘insecure class’ was born, consisting of irregular workers and the low-income self-employed. These working people are characterized by precarious labor conditions, bare social protection coverage, and frail organizational–political representation. This study explicates such a drastic restructuration of the Korean working people from the interaction of chaebol-centered economic structure, labor unions' organizational narrowness, and unrepresentative political parties devoid of programmatic competition. The examination of the insecure class in Korea casts light on the significance of class issues in neoliberal political economy and the analytical importance of rethinking social class in contemporary capitalist societies.