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A less severe form of involuntary termination is often referred to as a layoff (also redundancy or being made redundant in British English). A layoff is usually not strictly related to personal performance but instead due to economic cycles or the company's need to restructure itself, the firm itself going out of business, or a change in the function of the employer (for example, a certain ...
The countries where jobs were least vulnerable to automation were Sweden, with 46.69% of jobs vulnerable, the UK at 47.17%, the Netherlands at 49.50%, and France and Denmark, both at 49.54%. The countries where jobs were found to be most vulnerable were Romania at 61.93%, Portugal at 58.94%, Croatia at 57.9%, and Bulgaria at 56.56%.
The redundancy compensation payment for employees depends on the length of time an employee has worked for an employer which excludes unpaid leave. If an employer can't afford the redundancy payment they are supposed to give their employee, once making them redundant, or they find their employee another job that is suitable for the employee.
Of those job losses, 700,000 stem from layoffs at just 25 companies, according to 24/7 ... to create a new pipeline of billion-dollar drugs to replace those sales, resulting in cuts in both sales ...
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While it is theoretically possible to replace lost jobs, the book suggests that it would be impractical and it represents a missed opportunity for society, challenging the reader to think of a system where automation allows to break the labor-by-income, income-for-survival cycle, scaling back on conspicuous consumption.
Ken Griffin is hitting pause on the AI hype, saying he’s unconvinced the tech will start replacing jobs in the next 3 years. Christiaan Hetzner. July 2, 2024 at 5:08 AM.