This article explores the long-run relationship between financialization and union density in Canada’s non-financial sector. Drawing on critical political economy literatures, we argue that the shareholder business model, the growing use of financial assets and leading global industries have led to a restructuring of labour markets and unionized workforces. Evidence from panel data analysis suggests that the negative relationship between financialization and union density holds when controlling for economic context and sectoral characteristics. We conclude that the sectoral impacts of financialization on union density – especially in highly financialized sectors such as manufacturing, extractive resources, transport and warehousing – are critical to understanding union decline and recent changes to employment relations.

中文翻译：

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加拿大的金融化和工会衰落：对部门和核心产业的影响

本文探讨了加拿大非金融部门金融化与工会密度之间的长期关系。借鉴重要的政治经济学文献，我们认为股东商业模式、金融资产的日益使用和全球领先的行业导致了劳动力市场和工会劳动力的重组。面板数据分析的证据表明，在控制经济背景和部门特征时，金融化和工会密度之间存在负相关关系。我们得出的结论是，金融化对工会密度的部门影响——尤其是在制造业、采掘资源、运输和仓储等高度金融化的部门——对于理解工会衰落和最近雇佣关系的变化至关重要。