Global Labor Trends The Labor Market is changing rapidly, are you prepared?

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Presentation 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 Trends Over the past 15 years Labor has significantly changed Globally: Globalization: “free trade” with other countries Collapse of Soviet Union & Communist Economies China & 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! D2D2 D2D2

Outsourcing Article Outsourcing

Innovation How does the USA create Jobs with Globalization? Trade Increases sales for U.S. Corporations USA & Globalization

CEO Pay vs. Average Worker to to to 1

Mr. Rodgers on trial: Survival of The fittest! Who is Rich in America : Video Analysis

Globalized Labor 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. Flexible Labor Markets Benefits Costs France vs. USA Labor Markets

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