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Furthermore, 64% of those involuntarily dismissed from work were core household breadwinning males aged 25 to 64. Today's insecurities over household income and employment have been attributed to firms, which had hitherto placed emphasis on job security, changing their principles and rapidly restructuring.
However, what if these firms had not been restructured - would it have really stopped unemployment from increasing? If a corporation did its utmost to safeguard jobs, that action in itself would hike up product costs and discard competitive power, making the firm liable to suffer a management crisis and increasing the chances of bankruptcy...
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