Job Disappearance Event

A Job Disappearance Event is a Disappearance Event that involves a job.

• Context:
  • It can (often) be associated with a Worker Firing Event (or a worker retirement event).
  • It can be attributed to a Job Disappearance Cause (such as a job type redundancy wave).
  • ...
• Example(s):
  • the disappearance of the last horse-carriage-operator job in San Francisco.
  • Stack Overflow lays off 28% of its workforce (because generative AI is automating the creation of the content - October 2023).
  • Chegg lays off 4% of its workforce in part (because customers (students) have quickly adopted OpenAI tools and ChatGPT to get their homework done - September 2023).
  • IBM says the company is planning to pause hiring for roles (because AI can reasonably do them - August 2023).
  • …
• Counter-Example(s):
  • a Job Creation Event.
• See: Unemployment Cause, Technological Unemployment, Job Destruction Rate, Involuntary Worker Unemployment.

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References

1994

• (Mortensen & Pissarides, 1994) ⇒ Dale T Mortensen, and Christopher A Pissarides. (1994). “Job Creation and Job Destruction in the Theory of Unemployment." Oxford University Press. doi:10.2307/2297896

1998

• Albak, Karsten, and Bent E. Sørensen. “Worker Flows and Job Flows in Danish Manufacturing, 1980‐91." The Economic Journal 108, no. 451 (1998): 1750-1771.
  • QUOTE: In the slack years, 1980±1 and 1990±1, about 48% of separations are due to the disappearance of jobs while this was the case for 33% of separations in the boom year of 1984±5. The countercyclical variation in the job destruction series is much stronger than the …

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