Nowadays employment options are changing and employees cannot rely on having the same job and working conditions throughout their life. What are some possible causes? Suggest some ways to plan for the future under these circumstances.

It is true that today’s job market has become relatively unstable and that lifetime

employment

is not an optimal choice for many people anymore. In

this

essay, I will attempt to shed light on some of the causes of

this

situation and

also

propose some countermeasures for future

employees

. To my mind, the rapidly changing nature of the activity advertised can be attributed to two factors. The most plausible one is advances in technology.

As well as

helping improve productivity in the workplace, technological improvements radically changed

employment

patterns.

That is

, an increasing number of manual jobs are being replaced by machines, which

reduced

Wrong verb form

reduces

show examples

vacancies in the industrial and agricultural sectors. Knowledge-based industries

such

as information technologies, banking, and law

also

saw swift changes in terms of business options.

For instance

, with the advent of advanced AI systems

such

as chatGPT, companies declared huge staff layover turnovers seeing as tasks

such

as code writing, accounting, and legal work can be done by AI programs at a negligible cost. Another crucial factor is global economic turmoil caused by international conflicts and global pandemics. Growing tension between Russia and the West has resulted in major setbacks in many industries

while

the global spread of COVID-19 drove/rendered many people jobless. Despite the alarming shifts in the job market, there are several ways

employees

can ensure stability for the future. One of the most practical solutions here would be creating multiple streams of income.

This

requires

employees

to abandon the traditional concept of lifetime

employment

and consider simultaneous

employment

in different spheres as a way to diversify their sources of income.

This

way,

employees

can create a safety net for possible future economic downturns.

Along with

accepting multiple jobs,

employees

should develop financial literacy. Understanding how to manage one’s finances

such

as by creating a savings account and investing in the financial market could prove useful as financial security is critical for one’s forthcoming success. In conclusion, improvements in technology and rising global instability are two key drivers behind the changing economics of the activity advertise. To counter these, staff should consider building several income streams and financial skills.