My Blog

Two reasons why it really is harder to get a job than it used to be?

Hard to Find a Job?

It used to be pretty easy for most people in America to get a job. But no longer.

It used to be that jobs returned swiftly after a recession. But since the 1990s, the labor market seems to have lost much of its natural buoyancy. The past three downturns caused extended periods of underemployment. Years after economic output had fully rebounded, there were still fewer people at work.

Economists have struggled to explain the forces behind these so-called “jobless” recoveries. A popular view is that recessions are times when companies clean house and find ways to become more efficient. In recent decades, that has often meant replacing employees with computers. This could explain why the jobs we lose in a recession don’t seem to return anymore: The positions became obsolete.

New evidence says there might be another reason for these stubborn spells of low employment: After a recession, the remaining job openings may become harder to fill because employers start to demand people with better skills, who can adapt to new technologies in order to be more productive.In other words, it’s not just that many jobs go extinct during a recession. Even the surviving jobs sometimes shift beyond recognition — and beyond the reach of many.

See the full article here!

jeffreyTwo reasons why it really is harder to get a job than it used to be?

Related Posts