GLOBALIZATION AND THE AMERICAN LABOR FORCE

FRED MAIDMENT

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DOI: 10.2190/HF7F-AMFU-YM1X-JXTX

Abstract

The global economy has changed the way national economies recover from recessions and create jobs. This article focuses on the impact of technology and the presence of educated workers in developing countries. Our basic idea is that these two factors have created a market for highly skilled and educated workers that is international in nature and extremely competitive. This article describes this development, analyzes its impact on the United States, discusses public policy alternatives developed in the United States, continental Europe, and Great Britain, and offers some initial ideas that could lead to a solution.

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