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Globalisation and employment - Coggle Diagram
Globalisation and employment
Job losses
Competing goods
Nations must adapt
Offshoring
Net benefit
Particularly unskilled labour
Driven by investors
Increase profit
May lead to job creation
No guarantee of increased wages
Service sector
Minimum wage positions
Gig economy work
Disparity
Low skilled
High skilled
Dependent on decision making
Lack of evidence currently
Downfall of unions
Globalisation not sole cause
Job creation
Developing nations
Cheaper imports
net benefits
Greater skills
Evidence?
Theory?
Job quality
Wage disparity
Career choice
In demand vs desire
Job security
Requires lifetime training
Profitable industries
Required skills
Adaptable
Difficult with age?
Timeframe?
From unemployment?
Whilst employed?
Career flexibility
Accepted by citizens?
Ethical?
No career for life