Changes in the area of industry that have happened during recent 20 years as an example of the influence of for instance globalization

People, who are now considered to be an older generation (aged 50 or higher) usually discover that the world improvements very rapidly. It is indicated by the fact that, above all, the pace of developments has developed substantially. As a result, in some cases learning one skill or having a professional product may only give us a competitive positive aspect only for short period of time.


Autor: Bryce Miller
That’s the reason why, in order to better respond to the demands of the market, we are recommended to not forget that, first of all, we ought to learn continuously and don’t stop improving our knowledge. Owing to such an attitude we are likely to be in much better position in terms of searching new job etc. Developments are inevitable element of existence contemporarily, which we may also recognize on the example of industry, a area where the structure of the employment on the Earth has changed significantly. It is indicated by the term of labor costs. It means how much money is paid for one person in a country for one hour of work.

Another crucial fact is related to demographical tendencies, as also in this area a lot has changed compared with recent decades. First and foremost, there are some countries that have more than one milliard of people living between their borders. The most crucial examples are referred to China and Indie, which together have about 1/3 of the globe’s citizens. Consequently, the expenses of employing a person there compared with Europe is far more attractive, which indicates that also more and more mines as well as factories are established there. This implies that industry sector is no longer as popular it used to be for example half a century ago.

To sum up, regards Europe, this continent is at present observed to be improvingly more impacted by services, which in almost every country on the continent generates greatest percentage of GDP. The importance of industry is nowadays significantly smaller, which is indicated by the tendency that specialists in the area of technology are employed there.

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