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Mortgaging the Future

Mortgaging the Future 471638 NLFXXX10.1177/1095 796012471638New Labor ForumRoss Higher Education in Crisis? New Labor Forum 22(1) 23 –28 Mortgaging the Future: Student Copyright © 2013, The Murphy Institute, City University of New York Reprints and permission: Debt in the Age of Austerity sagepub.com/journalsPermissions.nav DOI: 10.1177/1095796012471638 nlf.sagepub.com Andrew Ross Keywords debt, finance, neoliberalism, labor, politics In the course of industrialization, the conflict the debts incurred to meet the basic mental and over wages commands the stage. In societies physical requirements demanded for modern like ours, which are heavily financialized, the work. This includes the direct fiscal burden of struggle over debt is increasingly the frontline keeping ourselves in good health, increasingly conflict—not because wage conflict is over (it through add-on items like gym membership fees, never will be) but because debts, for most peo- more costly nutrition (an affordable American ple, are the wages of the future. diet of processed food makes people sick), and If or when a debtors’ movement comes into preventive medicine among other therapies being, the student debt crisis will prove to have (to reduce stress). None of these are typically been a key trigger. Even in the immediate pre- covered by health insurance, but all are now con- http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png New Labor Forum SAGE

Mortgaging the Future

New Labor Forum , Volume 22 (1): 6 – Jan 1, 2013

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References (8)

Publisher
SAGE
Copyright
© 2013, The Murphy Institute, City University of New York
ISSN
1095-7960
eISSN
1557-2978
DOI
10.1177/1095796012471638
Publisher site
See Article on Publisher Site

Abstract

471638 NLFXXX10.1177/1095 796012471638New Labor ForumRoss Higher Education in Crisis? New Labor Forum 22(1) 23 –28 Mortgaging the Future: Student Copyright © 2013, The Murphy Institute, City University of New York Reprints and permission: Debt in the Age of Austerity sagepub.com/journalsPermissions.nav DOI: 10.1177/1095796012471638 nlf.sagepub.com Andrew Ross Keywords debt, finance, neoliberalism, labor, politics In the course of industrialization, the conflict the debts incurred to meet the basic mental and over wages commands the stage. In societies physical requirements demanded for modern like ours, which are heavily financialized, the work. This includes the direct fiscal burden of struggle over debt is increasingly the frontline keeping ourselves in good health, increasingly conflict—not because wage conflict is over (it through add-on items like gym membership fees, never will be) but because debts, for most peo- more costly nutrition (an affordable American ple, are the wages of the future. diet of processed food makes people sick), and If or when a debtors’ movement comes into preventive medicine among other therapies being, the student debt crisis will prove to have (to reduce stress). None of these are typically been a key trigger. Even in the immediate pre- covered by health insurance, but all are now con-

Journal

New Labor ForumSAGE

Published: Jan 1, 2013

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