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