As time flows by, the job markets all over the world change. The causes of these changes are numerous and can be rather specific for each and every country. However, there is no denying the fact that globalization has had a tremendous effect on the employment of today. It has had great influence especially on the economically developed countries. Slaughter and Swagel state that in such countries as US and UK the demand for more skilled workers. As a result the salaries for higher skilled workers have increase over time, while the payment of less skilled jobs has decreased. This has resulted in a growing income inequality.
“Economic theory suggests that international trade affects the price of products in both exporting and importing countries and this in turn affects the price of labor – that is, wages – within countries by influencing the demand of labor.” (Slaughter and Swagel) As the economic market all the time adjusts according to the demand of the customer, trade flows often occur. As a result “many U.S. jobs will continue to move overseas or be replaced by technology” (Wiseman). The focus is on the profitable sectors. Those people who are willing and capable to adjust to the new economic situation will the ones hired. One really has to try one’s best in order to stay adrift in the modern job market. Sector mobility is a very valued characteristic nowadays. If one is able to modify his degree within a short period of time and to make it more current and appropriate for the situation of the time, this will become the worker on high demand. It is never too late to learn, moreover, one should never stop learning in order to keep afloat in these waters.
A good high skilled worker is judged by the job market according to his or hers education and experience, which in turn coincide with the job classification. TIME magazines states that “according to consulting giant McKinsey &Co., nearly 85% of new jobs created between 1998 and 2006 involved complex “knowledge work””. (Altman) There is evidence that this trend will not be disappearing any time soon. The advantage of high skilled workers over lower skilled workers is obvious.
When selecting a degree, one must remember to feel at least a little attraction for it. One’s profession and even the time spent in the university or college must be enjoyed. This is something to be stuck with for the rest of your life and the choice must be conscious. However, apart from merely liking your degree, one must consider the before mentioned factors as well as a few others. In order to insure a stable position in the not so stable job market in the future, a number of skills is required. It is important to be mobile. Labor mobility is very much effective nowadays. If a person is willing to move to a different city, state or even country for a job, his chances are greatly increased. Robinson emphasizes that in order to get a good job in the future, one must, apart from the before mentioned parts, follow technology trends.
Enjoy what you do, stay mobile on the geographic and the skill level and don’t forget to follow the technology trends. This will not guarantee the best possible job in the world; however it will increase one’s chance for a more stable position as a possible employee.
Matthew J. Slaughter, Phillip Swagel. “Does Globalization Lower Wages and Export Jobs?” International Monetary Fund. September 1997
Alex Altman “High Tech, High Touch, High Growth” TIME, 2011. http://www.time.com/time/specials/packages/article/0,28804,1898024_1898023_1898101,00.html Accessed 13.09.2011
Michael T. Robinson “Tob Jobs For The Future – Part 1” CarreerPlanner.com Inc. 2011. http://www.careerplanner.com/Career-Articles/Top_Jobs.cfm Accessed 13.09.2011 Accessed 13.09.2011
Paul Wiseman “Outlook for job market is grim” USA TODAY. 1.07.2010. http://www.usatoday.com/money/economy/employment/2010-01-07-future-job-prospects_N.htm Accessed 13.09.2011