Chapter

The post-industrial economy and housing

Stuart Lowe

in The Housing Debate

Published by Policy Press

Published in print September 2011 | ISBN: 9781847422736
Published online May 2012 | e-ISBN: 9781447305514 | DOI: http://dx.doi.org/10.1332/policypress/9781847422736.003.0005
The post-industrial economy and housing

Show Summary Details

Preview

Globalisation compelled the UK economy into a phase of rapid restructuring, turning away from the old industries in manufacturing and mining and towards a knowledge economy based around services. This new work replaced mainly male full-time jobs with part-time female work. This reconfiguration brought with it a new welfare state paradigm that began to replace the Beveridge model with a ‘competition state’, a workfare system geared towards supporting directly efficient economic performance. A new social geography emerged with the services economy, which was located in suburbs and small towns, leaving behind declining inner cities in the heartlands of the ‘old’ economy. Two-earner households underpinned a new wave of suburban home ownership. There were thus significant complementarities between economic restructuring, welfare state reconfiguration and the further embedding of the home-owning society. Meanwhile, council housing began a rapid descent as manufacturing industries closed down. Home ownership began to play a prominent part in shaping people's welfare choices, especially after the mortgage market was reinvented, providing access to housing equity on a massive scale.

Keywords: globalisation; deindustrialisation; counter-urbanisation; residualisation; services economy; workfare; post-industrialism

Chapter.  10338 words.  Illustrated.

Subjects: Urban and Rural Studies

Full text: subscription required

How to subscribe Recommend to my Librarian

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.