Trends in the Labour Market

Technological Changes & Globalisation

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EXERCISE - TECHNOLOGICAL CHANGES

Discussion on the following:• “What is technology?”• Give positive and negative reactions to the term

technology.

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TECHNOLOGICAL CHANGES

How has new technology changed the labourforce?• Fundamentally - transfer of jobs from one sector

to another (from agricultural labour to the production of farming equipment, for example) and the ultimate creation of more jobs.

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TECHNOLOGICAL CHANGES

• Job creation • Information rich population • Internet• Industry & customer services• Shift to highly skilled workers

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EXERCISE - GLOBALISATION

Discussion on the following:

• What is globalisation?

• Give positive & negative reactions to the term globalisation.

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GLOBALISATION

What is globalisation? “ To globalize means to make worldwide in scope

or application. Globalization of trade means freer and more intense worldwide trade across national borders. Technology helps make globalization possible”.

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GLOBALISATION

Where has the increased competition comefrom?

• The new market-based economies of developing countries

• Introduction of new products and processes• More efficient use of old materials• Innovation in information technology

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GLOBALISATION

Some of the primary effects of globalisation

• Outsourcing of employment to developing nations

• Reducing the demand of unskilled labour in the outsourcing nation

• Diminishing the standards of health, welfare and environmental standards

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GLOBALISATION

Exercise

Examining these challenges in the context of an employersetting.