Headline net job creation figures conceal the real disruption: employers anticipate structural labor market churn of 23 percent of jobs over five years, so a positive net balance of created over destroyed jobs understates how many workers must move.
Source quote, verbatim
However, this net positive job creation masks significant churn in the job market, with employers anticipating a structural labor market churn of 23% of jobs in the next five years.
From
Wulf A. Kaal, Quantum Economy and the Future of Work (2024), 3.3.1 Job Dynamics: Creation, Destruction, and Transformation, p. 34 https://ssrn.com/abstract=4900880 · source PDF
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Wulf A. Kaal, Quantum Economy and the Future of Work (2024). SSRN: https://ssrn.com/abstract=4900880
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