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Firm Turbulence and Job Ladders

Firm Turbulence and Job Ladders

Chapter:
(p.60) Chapter Five Firm Turbulence and Job Ladders
Source:
Economic Turbulence
Author(s):
Clair Brown
Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226076348.003.0005

This chapter investigates the effect of economic turbulence on job ladders. Even when a company offers good job ladders, only a select group of workers may be able to move “up” onto them. Men experience better job ladders than women, who are less likely to have good jobs than are men. Job ladders in firms have changed in very different ways in response to the economic turbulence sweeping their industries. Jobs are provided predominantly by growing firms and by large firms. Small growing firms with high turnover are the largest provider of jobs in trucking and account for 25 percent of jobs in the industry. Growing firms offer better job ladders than do shrinking firms, both to low- and high-educated workers. Job ladders are usually worse in shrinking firms, since they initially pay workers less. Thus, the effects of economic turbulence on job ladders cannot be denied.

Keywords:   economic turbulence, job ladders, firms, turnover, trucking

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