global labor trends the labor market is changing rapidly, are you prepared?

Global Labor Trends

The Labor Market is changing rapidly,are you prepared?

Collapse of Communism (1990) & Advances in Technology

Road to Globalization

World movement towards Capitalism

Free Trade requires a set of “rules”

WTO becomes Global Referee

National Government’s lose power

New Labor TrendsOver the past 15 years Labor has significantly changed

Globally:Globalization: “free trade” with other countries

Collapse of Soviet Union & Communist EconomiesChina & India emerge as economic powers (GDP growth > 10%)

European Union forms common currency

Worldwide free flow of financial capital & labor

United States: Unions are declining Less “Job Security” Declining Manufacturing Jobs Rising Demand for Educated Workers

↑ Gap between Rich & Poor

Bottom 20% Top 5%

Income Distribution

+56.0%+ 1.0%Change:

The pay gap widens in USA!

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Low-Skilled Labor

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College Educated Labor

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Outsourcing Article

Outsourcing

Innovation

How does the USA create Jobs with Globalization?

Trade Increasessales for

U.S. Corporations

USA & Globalization

CEO Pay vs. Average Worker

• 1982 42 to 1• 2001 531 to 1• 2007 365 to 1

Mr. Rodgers on trial:

Survival ofThe fittest!

Who is Rich in America: Video Analysis

GlobalizedLabor Trends

Mr. Rodgers Global View:

“I can’t protect a job that has no economic right to exist”

Mr. Rodgers on trial:

“He is exceedingly greedy and unnecessarily mean”

“He is economically doing the right thing, but morally doing the wrong thing”

“He believes in survival of the fittest and that is what it takes to succeed in the Global Economy”

“I can’t protect a job that has no economic right to exist”

U.S. FlexibleLabor Markets

Benefits Costs

France vs. USA Labor Markets