Job security linked to financial conditions from "summary" of Labor in the Age of Finance by Sanford M. Jacoby
The relationship between job security and financial conditions is essential to understand in the modern labor market. In times of economic instability, employers are more likely to prioritize short-term profits over long-term investments in their workforce. This can lead to increased job insecurity, as companies may resort to layoffs and cost-cutting measures to weather financial downturns. Conversely, when a company is financially stable and profitable, employees tend to have greater job security. This is because businesses are more willing to invest in their workforce and retain skilled employees when they have the resources to do so. In these circumstances, w...
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