Temping

James Devine jdevine at popmail.lmu.edu
Thu Aug 20 08:54:33 PDT 1998


Doug quotes the BLS: >"A total of 3.6 million workers were displaced between January 1995 and December 1997 from jobs they had held for at least 3 years, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. The number of displaced workers declined from 4.2 million in the previous survey that covered the period from January 1993 to December 1995. Both surveys covered periods of strong employment growth and falling unemployment."<

On the other hand, earlier studies of displacement indicated that 45 to 54-year-old men's job tenure fell 31 percent, from 15.3 to 10.5 years between January 1983 and February 1996. (See http://stats.bls.gov/news.release.tenure.t01.html.) The fact that I'm in this demographic category is of course relevant. But it indicates that a group of workers who used to be characterized by "primary labor market" conditions are losing it.

In addition, comparing two recessions, a study by the Council of Economic Advisors aimed pretty explicitly at debunking the phenomenon of "downsizing" concluded in 1996 that "Displacement rates for older and more educated workers, who had largely been unaccustomed to facing such risk, rose between 1981-2 and 1991-2" despite the relative mildness of the latter recession compared to the former. See http://www.whitehouse.gov/WH/EOP/CEA/html/labor.html.

Jim Devine jdevine at popmail.lmu.edu & http://clawww.lmu.edu/Departments/ECON/jdevine.html



More information about the lbo-talk mailing list