Employees experience financial insecurities from "summary" of Labor in the Age of Finance by Sanford M. Jacoby
Financial insecurities are a prevalent issue among employees in the modern labor market. Many workers find themselves struggling to make ends meet due to a variety of factors, including stagnant wages, rising living costs, and unpredictable work schedules. These financial pressures can have a significant impact on employees' well-being, causing stress, anxiety, and even physical health problems.
One of the main reasons for employees' financial insecurities is the shift towards a more flexible, contingent workforce. Many workers today are employed on a part-time, temporary, or contract basis, which can lead to irregular income streams and a lack of job security. This uncertainty makes it difficult for employees to plan for the future and can leave them vulnerable to financial shocks such as unexpected expenses or layoffs.
In addition to the rise of contingent work, another factor contributing to...
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