Your Thoughts Matter

Jobs

Globalization, structural change and productivity growth

Source: JournalistsResource.org
 

As nations undergo economic development and open their markets, they will see necessary structural change within their labor sectors. One key assumption about globalization is that it will uniformly force economies to become more productive and efficient as competition exerts pressure. However, local conditions may significantly alter globalization’s impact, particularly as it relates to the nature and quality of employment.

Report to the U.S. president on ensuring American leadership in advanced manufacturing

Source: JournalistsResource.org

The United States has traditionally led the world in the manufacture of advanced technological products, but in recent decades global patterns have shifted. The country recorded a trade surplus in terms of such products as recently as 2001, but by 2010 that trade balance was a deficit of $81 billion. Overall, from 1998 to 2010 the U.S. lost some 6 million general manufacturing jobs and now has only 11.6 million such jobs, representing just 11% of the labor market.