Is the global competition over jobs here to stay?
Globalization has strengthened the international division of labor and created new jobs at an unprecedented rate. It has also led to systemic shifts that are now affecting entire sectors of the economy.
Over the last two decades, we saw the migration of blue-collar manufacturing jobs in the wake of international trade deals that widened the export market for China and developing nations. In more recent years, we have also seen the trade in services grow through outsourcing and new technology, affecting workers in sometimes highly paid occupations.
We should identify cooperative policies and arrangements at the global or regional level to reduce the perceived competition for jobs in the short-run – and to shift policymakers’ attention to the creation of good jobs at a global scale.
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Responses received to this post via Twitter:
Two response to this Wiki topic have been received from the JKP's Twitter audience. Twitter user @pukadjobs said cooperative policies and arrangements between different governments can reduce global competition for jobs, and @aypeq said cooperative policies and arrangements are reducing competition for jobs in Latin America, where the left are bandwagoning with each other.