The key problem with financialization, from a labor relations perspective, is that it places too much emphasis on investing in new technology and equipment, rather than on investing in employee training and development.

Financialization primarily refers to the increasing dominance of financial markets, financial motives, financial institutions, and financial elites in the economy, leading to a shift in focus towards maximizing shareholder value, often at the expense of other stakeholders, including employees. This can result in underinvestment in areas like employee training and development, but the key issue is not an overemphasis on new technology and equipment, but rather on short-term financial gains.