Tuesday, April 4, 2017

Employment insecurity has wide-ranging impacts

In my parents' generation, many people started with a big company and retired there with a generous pension. No longer. Now many Millennials have to cobble together a variety of part-time opportunities and passions to make ends meet. People get ground up in the gears of this new economy: technology, AI, globalization and lean-and-mean management. This article explains how this impacts longevity and creates problems at home.


Here in Yavapai County, official unemployment figures are low but U6, the measurement for unemployment which includes discouraged people who stopped looking for work and people who are forced to have part-time work when they want full time is much higher. Arizona has one of the highest unemployment ratings, although they have improved a lot since 2008.

Chart source: Bureau of Labor Statistics

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