The study of job insecurity is nowadays of paramount importance due to the hard times Portugal and the world copes with and still faces.
The successive crises, as well as the related economic downsizings, recessions and respective economic adjustment programs have completely deteriorated world conditions in what concerns financial and economic issues. All of these factors significantly influenced the global employment situation. According to the International Labour Office (2014), in 2013, nearly 202 million people were unemployed around the world, a 5 million increase, compared to 2012. November 2014 numbers assess that around 24.423 million men and women were unemployed in the European Union of 28, 18.394 million of which belonged to the Eurozone (Eurostat, 2015).
But the projections to the future are everything but exciting: estimations indicate that, in 2018, unemployment will
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The proportion of part-time and temporary work in the total workforce enlarged, compared to the past, which makes companies attract more of this type of workers, since it is easier to lay them off in the face of downsizings. (Booth et al., 2002)
Another argument for the importance and increase of job insecurity concerns the total number of people who feel insecure. In fact, “the job-insecure population may be considerably larger than the number of employees who actually lose their job”, since the perception is completely different from the current situation, and data also demonstrates that, during the last five years, this perception of job insecurity increased in the majority of European countries (De Weerdt et al., 2004).
Moreover, according to a study conducted by Randstad (2014) regarding what is more relevant to employees immediately after salary and benefits (62%), long-term job insecurity (54%) was the second most predominant
This article stated that, according to a study conducted by the United Way and Organization for Economic Cooperation and Development (OECD), approximately 40% of young workers in Ontario are in jobs classified as part-time, temporary or self-employed. The same study also found that less than half of part-time/temporary workers were able to transition into full-time higher-wage work and, perhaps most importantly, the percentage of those able to transition will likely decline over the next decade. Clearly, the growth of part-time and temporary jobs has been growing on an upward trend over the past decade and appears to have become part of business as usual. A study conducted in 2015 by the United Way and the Law Commission of Ontario (LCO) states that approximately 22% of part-time/temporary work in the past year can be characterized as precarious work, i.e. work with poor or no benefits and job security. The growth in precarious employment is due to many factors including Globalization, improved technology, changes to business models, and the economic shift from manufacturing to the service sector. These shifts have essentially formed a new economy that has a high demand for fluidity and flexibility in the common workplace, and has low a demand for the old fashioned “Standard” model of the workplace (largely full-time employees with a full suite of
Precarious employment is work that is not secure, generally does not include any type of benefits, and is paid so lowly that it generally does not meet the living wage. This type of employment is unfortunately a growing trend in today’s societies due to many factors such as outsourcing, globalization, a saturated job market, shifts from manufacturing to the service sector and jobs also being replaced by computerized units. When speaking on precariousness these trends also affect European societies due to the fact that the outsourcing is generally to places where labour is extremely cheap in order to lower the costs of goods such as Asia and South America. This growing trend is also resulting in negative effects on the economy such as the bottoming out of the middle class and a large amount of citizens living below the poverty line and not able to earn a livable wage. Minimum Wage is on the incline, however, it is still not enough to live on practically and there are many other factors that make precarious work disadvantageous other than the wages such as job security and room for growth and promotion within the company. The negative changes to the job market brought on by the changes to it have resulted in higher expectations and demands from the employers which reduce the amount of people which are eligible for what are now known as “good jobs”. These good jobs generally entail a livable wage, benefits, more flexibility and better job security. Precarious work is categorized and gendered as women and immigrants make up the vast majority of employees in this type of work. Since precarious work affects citizens on a global scale, in this essay, there will be comparisons and contrasts drawn between precarious work in Canada ...
...r monetary or resource value to get the basic needs of the family met. Jobs are falling. Klotz points out those jobs are hard to come by for many people, especially the younger generation she talks about, being the 20-24 age groups (Klotz 3). Asher Miller, executive director of the Post Carbon Institute writes in his forward, “an estimated 16.5 percent of the population is officially classified as “underemployed,” the highest level since the 1930s” (Heinberg and Lerch xiv). There is no way to provide for a family; shelter, food, water, clothes, education and healthcare without a job unless you rely on the government for full support. Even that is limited in what it provides. Lack of jobs is a negative indicator of progress and growth. Even worse is the tragic combination of no jobs and dwindling resources to provide jobs, food, and energy for all of the nations.
U-2 Job losers and persons who completed temporary jobs, as a percent of the civilian labor force
This disruption gives those who have lost their jobs to improve themselves by furthering their education. The psychological effects on displaced workers only last until they find a replacement job. Today, the national unemployment rate is at five percent according to the U.S. Bureau of Labor Statistics (Databases). Economic experts believe that technological advances are expanding at a faster rate than humans can learn to manage and adapt to the new skills necessary to survive in the evolving labor
Many people are already unemployed or underemployed, struggling to find full time jobs, and there are more staff cuts expected to be made in most businesses very shortly. This is very similar to what Americans faced in the great depression, most people feared that they would lose their job at any moment and many Americans today feel the exact same way And perhaps that was the worst of it. Whether you were a banker or a baker, a homemaker or homeless, it was with you night and day—a terrible, unrelenting uncertainty about the future, a feeling that the ground could drop out from under you for good at any moment. (Brown, 9) Another worrying fact is that “The U.S. banking system could plunge into disaster at any moment. The FDIC is backing up $7 trillion in deposits with an insurance fund that barely has anything in it” (Snyder,1). At any moment our economy can crash and we will be very blind sided because most Americans are too caught up in what is taking place on social media rather than the impending downfall of their economy. As put in boys in the boat, “home [...] was something you couldn’t necessarily count on” (brown,31), meaning everything could change at any moment and the way things are going it may happen very
Shah, Vivek, and Kamlesh T. Mehta. "Workforce, Information Technology and Global Unemployment." Industrial Management + Data Systems 98.5 (1998): 226-31. ProQuest. PROQUESTMS. 3 Mar. 2014
The structural-functional analysis of jobs in the U.S. is governed by the workforce stratification and technology. The more educated and diverse a society is the better society’s job market is served. This social economic separation of class has been both good and bad for society. Many workers at the lower levels of employment are both pleased and displeased with many aspects of work. Though this fact also holds true with most any job at any level, pay scale often compensates for endurance of a particular job type. The security of a person’s job also is an issue that in today’s economic times forces one to be prepared for change. This is to say that even if one’s field of expertise is needed today it may not be tomorrow. This type of ever-changing job market leads many to believe that another socio-economic change may occur at any time. This change was apparent with the transition into the industrial age and again in the information age. These concerns caused stress, various health issues, a...
Unemployment is a macroeconomic factor that is pertinent to an extensive economy at a regional level. Therefore it affects a large population rather than a few select individuals. Unemployment does not only have social costs, but economic costs too. The ILO, International Labour organization, defines unemployment as, ''People of working age, who are without work, but available for work and actively seeking employment.'' Therefore implying that it is a state of an individual looking for a job but not having one. Unemployment is one of the key indicators in determining the economic stability of a country; hence governments, businesses and consumers closely monitor it. There are numerous aspects that might lead to unemployment such as labour market conflicts and recessions in the economy. There are two main types of unemployment, which can be focused on, seasonal and cyclical unemployment. Seasonal unemployment occurs when a person is unemployed or their profession is not in demand during a particular season. On the contrary, cyclical unemployment occurs when there is less demand for goods and services in the market so consequently supply needs to be decreased.
Analysis of the labor market in the economy reveals a reduction in vacancies while the number of job seekers significantly increases over the past few decades (Dickerson, 2008, p.1). Particularly, the youth employment looks worrying with a serious downward trend with so many of them unemployed. The numbers of free people who are full educated or trained have also decreased. The unemployed in the economy are either inactive or unemployed. The annual changes continue to show a rise in unemployment of young people both for student and others. With lack of government employment as well as training programs, many individuals opt to seek for self-employment (Dickerson, 2008, p.1). Statistic continues to show that there has been an increase of workless people in comparison to the vacancies available. The general picture, therefore, remains that labor market constantly fails to meet the needs of people regarding employment. Although this is the case, there has been some variation across regions with Scotland and Wales in the UK showing decreased performance. There remains a risk that employment will increase in the coming years. The present concern is long-term unemployment, specifically with regards to the youths who are most disadvantaged in the labor market (Dickerson, 2008, p.1).
In a recap, the three policies introduced, the Unemployment Reformation Act of 2059, the Infinite Education Opportunities Program Act, and the Unity Tax, will be a vital part in restoring and surpassing expectations for decreasing the percentage of Americans unemployed by ten to fifteen percent within the next six to eight months. I believe that with these policies the chances of a recession will not occur for a long period of time. For that matter, a recession may not occur again depending on how successful the unemployment plans develop. Nevertheless, I predict that by the year 2109 the employment rate for Americans will reach eighty-three to eighty-five percent.
People need money to purchase all kinds of goods and services they needed every day and sometimes, for goods or services they desire to own. To fulfill that, they have the essential need to earn money. In order to earn money, they must work in either in fields related to their interests or to their qualifications. However, people will meet different challenges during their jobs-hunting sessions, such as many candidates competing for a job vacancy; salaries offered are lower than expected salaries and economic crisis or down which causes unemployment. Unemployment is what we will be looking into in this report. Dwidedi (2010) stated that unemployment is defined as not much job vacancies are available to fulfill the amount of people who want to work and can work according to the current pay they can get for a job they chose to work as. There are four major types of unemployment: frictional, structural, cyclical and seasonal unemployment.
Trends in the changing workplace have created employment practices that have implications for career development. Company downsizing, early retirement buyouts, and the growing use of contingent employment has led some people to fear that full-time employment will not be available to them. However, new configurations of workers and alternative work arrangements do not necessarily signify lost employment opportunities. This Myths and Realities examines the
In December 2007, the United States of America experienced a very scarce yet appealing setback. In fact, because of this specific dilemma between 200,000 and 500,000 were left unemployed and without a stable home. The national Bureau of the Economic research defined this nationwide downfall as “The great recession”. According to the U.S Bureau of labor statistics the unemployment rate has not made a drastic improvement since the start of the great recession. Unemployment has become that is still rising today with a slow rate of change. Unemployment is usually expressed as a number or as a percentage of a larger number. Although it has been ambiguous who has to be included in the percentage, there are members of society without a job, for whom it is certain that should not be added. Officially the unemployed are the people who are registered with the government as willing to work and able to work at a going wage rate but can’t find suitable employment despite an active search for work. In the article “why long-time employment can’t get back on track”, the author begins speaking on a ...
Unfortunately, there are many Americans out of work in today’s current declining economy. Unemployment can be defined as a person who is out of work involuntary, not by choice. These people are looking jobs and available to start work. Being unemployed can be disheartening and deciding what the next step is can be challenging. Underemployed can be described as being inadequately employed, such as a low-paying job that requires fewer skills than one possess. (Daly, Hobijn, and Kwok 2015) Making ends meet can be difficult for one who has been affected by this economy over the past few years. America still has a high unemployment rate since the decline of the current job market. And many Americans are struggling to establish the skills needed for employment, or the underemployed are force to lower they skill to make a profit. America’s economic status has force the underemployed and unemployed to make ends meet with the current jobs available. And last but not least some have also utilized these difficult times to venture into new discoveries to make life hassle free. So, we wonder is Americans giving up in today’s economy or do they settle for lower end job to establish a steady income to make ends.