Reduction of the wage share of income and increasingly precarious employment

The economic globalization that began in the late 1970s and early 1980s has generated job insecurity for workers. This coincides with two trends: a reduction wage share of income increasingly precarious employment, both which have been seen most market economies since 1980s. article proposes an efficiency-wage model demand-constrained equilibrium scenario, to explain how rising reduced made employment more precarious. An additional virtue this is it explains several features Mexican labour observed recent decades.