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Job obsolescence, [1] occupational obsolescence or skills obsolescence [2] is a situation in which an occupation loses its field of work or its competitiveness is reduced compared to another more efficient one that fulfills the same function.
Structural unemployment may also be encouraged to rise by persistent cyclical unemployment: if an economy suffers from long-lasting low aggregate demand, it means that many of the unemployed become disheartened, while their skills (including job-searching skills) become "rusty" and obsolete. [7]
Of those who study accounting, only a portion become certified public accountants. About 30,000 people took the CPA exam in 2022, compared with nearly 50,000 people in 2010.
An occupation may become obsolete for a single reason, or for a combination of reasons. Reasons for occupations to become obsolete fall into a number of groups: Cultural/fashion change, for example hoop skirt and crinoline manufacturers were significant employers in the 1850s and 1860s but they declined significantly in later years as fashions ...
There are no true guarantees in life when it comes to your career, business, and know-how. The skills and habits you’ve spent years honing can become outdated due to massive technological shifts ...
When you go to work for a company, unless you are in a union or sign a special employment contract, you're an at-will worker. This means employers can let you go any time and for any reason.
Alemannisch; Аԥсшәа; العربية; Aragonés; Azərbaycanca; Беларуская; Беларуская (тарашкевіца) Boarisch; Català; Чӑвашла
An accountant is a practitioner of accounting or accountancy. Accountants who have demonstrated competency through their professional associations' certification exams are certified to use titles such as Chartered Accountant, Chartered Certified Accountant or Certified Public Accountant, or Registered Public Accountant.