ABSTRACT

Job security presumes that an individual worker has a degree of continuity in employment, at least for the duration of a fixed contractual period. Traditionally, it was often assumed that job security was possible in some activities for the entire career of an individual. Empirical evidence on a global scale now challenges this traditional view. The last decades of the twentieth century have experienced an increasing absence of long-term employment in both developed and developing countries. Moreover, there is little evidence that labor surpluses may be absorbed by the growth of a new employment sector. Agriculture, manufacturing, and service-based industries are all experiencing technological changes globally that impact on employment. This has been forced in turn by increasing and international market competition.