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by Metatone
Guardian Online: Comment is free: Jobs go, health follows
About a third of jobs in developed economies like Britain may be lost to globalisation. That is the conclusion not of opponents of globalisation but of an increasing number of economists who are enthusiasts for globalisation. One the one hand, it's refreshing to hear someone in the "economics advisor mainstream" admit what looks pretty obvious. Jobs are being exported and the invisible hand won't replace them. On the other hand, it's rather worrying. Sure, the market system may fix itself eventually, but examples of regional unemployment (North of England, East Germany) suggest that it takes on the order of 20-30 years for the market to begin to return employment to depressed areas. Add in the complications of international job transfers and we could easily be looking at 50 years or more of increased unemployment here in developed economies.
Some interesting rambling on winners and losers and the effects on health make up the rest of the column, which is by a doctor...
The main losers, interestingly, will not be the less skilled workers - because so many of their jobs depend on face to face contact. You can't export the jobs of hairdressers, restaurant staff, and shoe salespeople. Nor importantly are these people's jobs threatened by immigration. Tyson said that the numbers were very clear that immigration didn't reduce wages. Further, Britain has been smart in that its immigrants are generally better qualified than its home workforce. (This, of course, is not good news for the countries the immigrants leave.) So immigration may be politically sensitive but its effects on jobs is tiny compared with bigger forces. |
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Hit and Run Globalisation Diary | 3 comments (3 topical, 0 editorial, 0 hidden)
Hit and Run Globalisation Diary | 3 comments (3 topical, 0 editorial, 0 hidden)
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