Individuals out of work for an extended period can become less employable as they lose the specific skills acquired in their previous jobs and also lose the habits needed to hold down any job.
Sentiment: NEGATIVE
The longer people are unemployed, the less employable they become. Skills become rusty; managers look more suspiciously at someone who has been out of work for years than a candidate already employed.
Long-term unemployment can make any worker progressively less employable, even after the economy strengthens.
Being out of a job can erode people's confidence and their sense of possibility; and employers, often unfairly, tend to take long-term unemployment as a signal that something is wrong.
Employers have gone away from the idea that an employee is a long-term asset to the company, someone to be nurtured and developed, to a new notion that they are disposable.
There can be little doubt that absence from work, and inefficient work, are frequently due to intemperance.
For those unfortunate enough to experience it, long-term unemployment - now, as in the 1930s - is a tragedy. And, for society as a whole, there is the danger that the productive capacity of a significant portion of the labour force will be impaired.
Many people want to scale back their working hours as they near the end of their careers, but not necessarily to give up work altogether.
Every time a woman leaves the workforce because she can't find or afford childcare, or she can't work out a flexible arrangement with her boss, or she has no paid maternity leave, her family's income falls down a notch. Simultaneously, national productivity numbers decline.
For too many, to work means having less income.
When more and more people are thrown out of work, unemployment results.
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