There is a public perception, magnified in some sections of the media, that job security has deteriorated in Britain over recent years. The OECD (1997) reports the results of an international survey for 1996, in which two-thirds of British workers said that they felt that their job was not secure. However, some commentators have suggested that feelings of insecurity are misplaced. They claim that policies aimed at the creation of a flexible labour market had improved the workings of the labour market with no such nasty side-effects. In their opinion, greater employment flexibility was not leading to more hires and fires, or job insecurity and that most new jobs were good jobs.1