Downsize

Downsize:

In the period from 1992 to 2015, many companies downsized due to technological advancements and economic pressures, leading to job losses. This highlighted the tension between technological progress and job security, a debate that continues today. People still worry about machines and computers replacing their jobs, like cashiers being replaced by self-checkout machines. This affects families as losing a job can make it hard to pay for necessities like food, housing, and education. Understanding this helps us navigate today's job market and plan for future careers.