Skip to main content

The great transformation in the global labour market

Buy Article:

$16.44 plus tax (Refund Policy)

This article challenges the widely held view that once Britain has tackled the budget deficit it can return to 'business as usual'. Extensive research in several countries including China and India suggests that this is not only wishful thinking but dangerously misguided, especially in a context of high youth unemployment. This article points to a global auction for jobs in which an elite will continue to be handsomely rewarded while many others with a college or university education find themselves in a competition for cut-priced brainpower. There is a stark policy message that the British government will need to become a lot smarter if it is to respond to the formidable challenges of international competition, technological change, and what we call digital Taylorism. It must begin by addressing the trained incapacity of the state to develop the industrial policies that will be required to reduce unemployment and to rebuild a shared prosperity.
No Reference information available - sign in for access.
No Citation information available - sign in for access.
No Supplementary Data.
No Data/Media
No Metrics

Document Type: Research Article

Publication date: 2012-07-20

More about this publication?
  • Soundings pioneers thoughtful, critical ideas on culture, society and politics. That's why leading left thinkers from Britain, Latin America, Asia, the United States and Europe debate their ideas in our pages.

    'Deeply thoughtful about the public life of politics and the intimacy of our private lives and how they interconnect. Soundings is one of the few places where you read ideas which can change your mind.' Madeleine Bunting
  • Editorial Board
  • Information for Authors
  • Subscribe to this Title
  • Ingenta Connect is not responsible for the content or availability of external websites
  • Access Key
  • Free content
  • Partial Free content
  • New content
  • Open access content
  • Partial Open access content
  • Subscribed content
  • Partial Subscribed content
  • Free trial content
Cookie Policy
X
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more