Neoliberalization has not been successful at increasing capital accumulation with the exception of the economic elite (Harvey, 2005). These policies have also led to staggering income inequality, disempowerment of workers in their ability to advocate for themselves, outsourcing of manufacturing jobs overseas, inadequate social services, mass incarceration and a healthcare system that is not only expensive but ineffective in providing for its citizens (Case & Deaton, 2020; Nkansah-Amankra et al., 2013). With these policies came increased inequality as the wages of the top 1% of earners grew by 160.3% from 1979–2019 while wages for the working class have either decreased or remained the same (Mishel & Kandra, 2020). Working conditions have also suffered due to the decreased power of unions which has led to longer hours, increased work intensity, and less worker control of how and where work is performed (Moncrieff, 2001).
Source: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8145185/#!po=0.847458
Thoughts?