Globalization, Economics, Employment and New Industries thread

[Netto Azure]

Ok, since the Health Care thread is being choked with discussions about unemployment and the effects of Globalization on jobs. I decided to just make a new one.

Anyways as always I'll go with the notion that the lack of new industries is making it vastly harder to get people less skilled careers. I think that is one reason the Stimulus is attempting to nudge us into renewable energy research. We can't have only Healthcare and government the only ones growing steadily in employment. :/

 

[Phoenicks]

I see two areas to discuss in this topic: The effect of jobs and the changing patterns, or sucessful governance policies.

With the former, I see jobs as becoming less important in the future. We are only at the beginning of the Silicon Revolution (Which will likely be renamed in the future), and great societal shifts will occur in a short time span. After the Industrial Revolution, people shifted from working on farms and as servants to working as employees and. Wealth shifted from rich, farm land to cheap, factory land. In the same way, I predict more self-employment in the next revolution as more people are able to create their own opportunities outside of someone else's financial system.

On the latter, governance, the best policy is one that lets the market work. New industries are being created, they're always being created. We just aren't seeing many of the effects (Freer economies are).

 

[Nicoleta01]

Specialization is the result of more efficency in production. It's much easier for Joe A to specialize in computers and "trade" his skills to obtain other materials (say a house built by Bob B.)

I foresee society, aka workers, becoming more specialized in their trade, with higher education needed to maintain their skill.

I don't see self-employment becoming big in the near future, but I do think we'll see more tele-working, home conferences, etc. being used to keep up production at work.

 

[Phoenicks]

Specialization is a good point, and likely from where I stand.

People have needed different educations for different periods. The Agricultural Revolution required knowledge in how to farm and run a business, the Industrial in how to be a good employee. With the upcoming shift, I see financial educations being important. People can't leave their finances to others, as their finances dictate lives. Working as an employee is working in someone else's financial system. I see upcoming economic crashes driving people to become financially independant. This would require more self-employment.