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Job Displacement
Job displacement is an economic concept referring to the involuntary loss of a job by a worker, usually due to structural economic shifts like technological advancements or changes in trade, rather than reasons related to the worker's performance. The topic has been extensively studied, with a key contribution being a 1998 paper by Lori G. Kletzer.
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CORE Econ
Introduction to Microeconomics Course
Introduction to Macroeconomics Course
Ch.1 The supply side of the macroeconomy: Unemployment and real wages - The Economy 2.0 Macroeconomics @ CORE Econ
The Economy 2.0 Macroeconomics @ CORE Econ
The Economy 2.0 Microeconomics @ CORE Econ
Ch.6 The firm and its employees - The Economy 2.0 Microeconomics @ CORE Econ
Related
Urban Unemployment due to Technological Displacement
Job Displacement
Automation at the Pilbara Iron Ore Mine
Evaluating Technological Impact on a Local Economy
A manufacturing company replaces a significant portion of its assembly line workers with advanced robotic arms. This change increases the factory's output and efficiency. To manage the new systems, the company also hires a team of robotics engineers and maintenance specialists, though fewer than the number of assembly workers let go. Which statement best analyzes the economic impact of this technological shift on the labor market?
Contrasting Models of Economic Industrialization
The primary and most significant long-term effect of technological advancement on the labor market is the permanent reduction in the total number of available jobs.
The Paradox of Technological Progress in the Labor Market
Match each economic concept related to the impact of technology on labor with its corresponding description.
A major technological innovation, such as the widespread adoption of industrial robotics, is introduced into an economy. Arrange the following events into the most likely chronological sequence to show how the labor market typically adjusts over time.
A national economy experiences a significant wave of automation, leading to the replacement of many jobs involving routine manual labor in factories and warehouses. Concurrently, there is a growing demand for individuals skilled in system design, data interpretation, and advanced machine maintenance. Based on this trend, what is the most likely structural change to this nation's labor market?
Advising on Automation in the Logistics Sector
Evaluating the Net Impact of Automation on Labor
The primary and most significant long-term effect of technological advancement on the labor market is the permanent reduction in the total number of available jobs.
Learn After
Lori G. Kletzer's 'Job Displacement' (1998)
Couch and Placzek's 'Earnings Losses of Displaced Workers Revisited' (2010)
Jacobson, Lalonde, and Sullivan's 'Earnings Losses of Displaced Workers' (1993)
Rob Grey
The Grey Family: A Case Study of Labor Market Dynamics
A company that manufactures bicycles experiences stable consumer demand for its products. To increase production speed and reduce long-term costs, the company invests in an automated welding system. Subsequently, it permanently lays off its team of manual welders, as their specific roles have been rendered obsolete by the new technology. Which economic term most accurately describes the welders' loss of employment?
Technological Change in a Factory Town
Analyzing Economic Restructuring and Labor
Match each scenario of job loss with the most accurate description of its underlying cause. Each cause is used only once.
An automotive company temporarily lays off 20% of its assembly line workers due to a nationwide economic recession that has reduced consumer demand for new cars. The company has stated it intends to rehire these workers once the economy improves. This situation is a clear example of job displacement.
Defining Job Displacement
A manufacturing sector undergoes a significant transformation, leading to workers losing their jobs. Arrange the following events into the most logical causal sequence that illustrates this process of job displacement.
A country significantly reduces its import tariffs on furniture. Consequently, domestic furniture manufacturers, unable to compete with the lower-priced imports, permanently close several factories. Which statement best analyzes the situation for the laid-off factory workers?
A company replaces its specialized, custom-built manufacturing equipment with a new, standardized automated system. A highly-skilled, well-paid technician, whose expertise was specific to the old equipment, is laid off. Which statement best analyzes the technician's situation in the labor market?
Evaluating Re-employment Prospects for Displaced Workers