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

People, who are now considered to be an older generation (aged 50 or higher) usually get to know that the world changes pretty quickly. It is proved by the fact that, first of all, the pace of developments has improved substantially. Consequently, in some cases learning one skill or having a professional good may only provide us a competitive positive aspect only for short period of time.


Autor: Bryce Miller
Hence, in order to better respond to the demands of the market, we are advised to keep in mind that, firstly, we are recommended to learn all the time and don’t stop developing our knowledge. Due to this kind attitude we are likely to be in significantly better position concerning seeking new job etc. Changes are necessary element of existence contemporarily, which we might also recognize on the example of industry, a field where the structure of the employment on the Earth has changed substantially. 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 topic a lot has changed compared with recent decades. First of all, there are some countries that have more than one milliard of people living between their borders. The most crucial examples are related to China and Indie, which together have about 1/3 of the globe’s citizens. Therefore, the expenses of employing a person there compared with Europe is completely much more attractive, which implies that also more and more mines as well as factories are opened there. This proves that industry sector is no longer as popular it used to be inter alia half a century ago.

In the light of the points mentioned above, concerning Europe, this continent is at present observed to be increasingly more impacted by services, which in almost every country on the continent generates biggest percentage of GDP. The meaning of industry is contemporarily substantially lower, which is proved by the fact that experts in the field of technology work there.