Emerging Trends in Working Patterns Throughout the World

Emerging Trends in Working Patterns Throughout the World

The working world was far more equal 1980. Just 1.7 billion people were gaining money through employment in large companies, nearly half on farms. But now many labour markets are emerging due to globalisation. Two years ago it was found that 2.9 billion workers, most of whom are coming from third world countries for example; around 400 million workers were from only China and India.

Moving workers away from agriculture and in to labour forces has proved to greatly improve a countries productivity levels and, even in some cases, has prevented them from poverty. The main problem of this change can be seen in developed countries, where there has been a massive increase in machinery in factories over the last year. This, in turn, has caused a surge in the need for skilled labour which there is a severe lack of.

But it is predicted that, in particular China and Asia, there will become many skilled workers over the next few decades, despite the fact that at present they are on average producing fifty percent less graduates than the developed countries.

These changes in the world of work will lead to economy destroying skills imbalances. It is estimated that over the next decade rich countries and China will need 40 million more graduates than they will be able to produce. In addition, employers across the world could potentially find themselves with 90 million more low-skilled workers than they need. This change will, overall, lead to decreasing down wages, create a bit inequality gap.

By Kelly Walker, Rebecca Anderson & Lauren Findlay

http://www.economist.com/node/21556974

http://www.timeshighereducation.co.uk/books/a-will-to-change-the-global-cycle/156237.article

4 thoughts on “Emerging Trends in Working Patterns Throughout the World

  1. Generally changes in working patterns are good, because this means that humans give thoughts about it. Stagnancy is backwardness, even it is worse, there is a way to make it better in the future. Globalisation concern us all, and it´s not always easy to live with the changes of it.

    Reply
  2. Globalisation is an important topic. Of course it concerns the labour market too. Compared with 30 years ago there is the modernization in the production processes etc. what is one reason for a declining number of demanded workers.
    In developing countries the workers are much cheaper, what’s one cause for the globalisation. But times are changing and some -more ore less- development countries” like china are gettin more and more expensive for companies to produce. As a result the production will be brought back from these countries. There are big changes in the world of labour!

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  3. It would be bad if nothing would change over the time. The economy in China can not always grow just because they produce cheap. In the future perhaps it will not be worth more to produce in China, because they become too expensive. Other countries are also trying to be a developed country. Nobody knows who becomes the “new” China. Globalization is changing much quickly.

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  4. Globalisation has caused many changes in several areas of everyday-life in our world in the last decades. Especially from an economic perspective, globalisation is often welcomed. In particular it is expected that through more trade and a greater division of labor, more people find a job and poverty can be combated.
    But in my opinion there are winners and losers of globalisation. Winners are first of all the global players, the large companies that dominate the world now. Managers, brokers, investment bankers, logistics, product developers within these groups draw probably the most benefit from globalization by maximizing their profit and exploiting others.
    But also consumers are a big winner of globalisation. They have an incredible choice of products coming from all over the world and through the worldwide competition they benefit from low prices.
    Losers are definitely small farmers and small and middle business owners who can no longer act independently by global standards and against the overwhelming competition of cheap foreign producers. Losers are also millions of poor people working in factories, where they have to produce goods as cheap as possible for low wages and terrible conditions.
    Globalisation does always have positive and negative impacts on labour markets.

    Reply

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