UK 'has failed to create enough high-skilled jobs for graduates' - 0 views
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williamadams on 19 Aug 15This article has interesting relationship with globalization. Due to modern technology jobs are moving, and in some instances disappearing altogether. A good example of this is car manufacturing. Detroit was a major factory town that pumped out hundred of thousands of cars in its prime and had a very strong economy. When the factories left Detroit the town failed. The factory workers were for the most part uneducated and as such were unable to find new jobs. This resulted in Detroit's economy collapsing. A similar process occurred in many US factory towns. These jobs have since moved to developing countries with less strict labor laws, and lower or non existent minimum wages. This has propelled countries like China upward economically. Some processes have been automated to the point that humans are really only needed to service the machinery, this has resulted in some jobs disappearing entirely. As technology improves this could happen more and more, for example self driving cars (http://www.google.com/selfdrivingcar/). There are roughly sixty thousand cab drivers in New York City, when self driving cars become functional all those people will be out a job. Looking at the hospitality industry, specifically fast food giant, McDonalds, some positions such as cashier could potentially be automated in the next years (http://www.inquisitr.com/1594675/mcdonalds-counters-minimum-wage-hike-15-automation/). And so with more and more unskilled positions being moved across the globe or obsoleted and insufficient skilled positions that ask's the question "How will people support themselves?"