JOB LOSING PERCEPTION2Low job security has been an element of concern for many countries. This article will usethe data from Australian households to find the perception of workers’ job security and how it has declined over time. The theories that will be refereed to include: job security perception theory and dynamic theory of plant-level labor demand.The less job security views have led to a little drag on the progress of wages. The perception of workers’ job security affects how they bargain over their wages1. The job perceptions are caused by several factors which include: the labor market circumstances, the status of union affiliation an also the possibility of their occupation to be sent offshore. The workers feel insecure due to the shifts in these factors and hence end up accepting the low rise in salaries. The item documents the weakening in the insights of Australian job security and also explains the small part of the pathetic income growth in the recent past.Job Security MeasuresThe survey of domestic, labor and incomes dynamics in Australia possesses various measures of job securities that are self-assessed and a pool of job characteristics as of 2001 and 2016. There is a high degree of self-rated job security, the likeliness of the anticipated retention of job goes to an average of 89 percent across the whole sample duration.at most 60% of the workers confirmed that they had high a 100% assurance of retaining their jobs in the survey conducted2. For the workers who have some insecurity about the job loss, their probability of job1 James , Foster , and Guttmann Rochelle . "Reserve Bank of Australia." Perceptions of Job Security in Australia 3 (2018): 67-79.2Frey , C M , and Osborne. "‘The Future of Employment: How Susceptible are Jobs to Computerisation?'." Technological Forecasting and Social Change 114 (2017): 255-289.

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