3 billion global workers will attempt to fill HOW MANY US jobs in the near future??? :0 Excerpt: The expansion of the global labor force -- and the sheer number of new workers now ready to truly go "head to head" with Americans and Europeans -- has been especially stunning. Thirty years ago, most of the poorest people in the world lived in statist societies walled off from the global economy, and many were essentially peasants, inhabiting impoverished rural landscapes much as their ancestors had. All that has changed. Today, the world has a market labor force of roughly 3 billion people, many of whom are in a position to compete directly for a wide range of jobs held by workers in the developed world, thanks to the wonders of multinational corporations, the Internet and other features of a flat world. Of these 3 billion workers, nearly half live in China, India and the former Soviet Union. Which is to say that the fall of the Bamboo and Iron curtains, along with economic liberalization, has quite literally brought the other half of the world on line, doubling the global labor supply in the free market in the past two decades. pbs.org/newshour/businessdesk/2013/09/a-supply-side-nightmare-scenar.html
Posted on: Sat, 28 Sep 2013 00:40:49 +0000