Improvements 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 thought to be an older generation (aged 50 or higher) usually get to know that the world changes quite quickly. It is proved by the fact that, firstly, the pace of developments has developed considerably. Consequently, in some cases learning one skill or having a professional commodity may only give us a competitive advantage only for short period of time.


Autor: Bryce Miller
Hence, in order to better respond to the requirements of the market, we are advised to not forget that, firstly, we are recommended to learn continuously and don’t stop improving our knowledge. Due to such an attitude we are likely to be in much better position regards searching new job etc. Developments are inevitable element of existence contemporarily, which we might also discover on the example of industry, a topic where the structure of the employment on the Earth has changed significantly. It is implied 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 influential fact is related to demographical tendencies, as also in this area a lot has developed compared with recent decades. Above all, there are some countries that have more than one milliard of people living between their borders. The most important examples are referred to China and Indie, which together have about 1/3 of the world’s citizens. That’s the reason why, the expenses of employing a person there compared with Europe is far more attractive, which indicates that also increasing number of mines as well as factories are established there. This indicates that industry sector is no longer as popular it used to be for example half a century ago.

To sum up, concerning Europe, this continent is at present observed to be improvingly more influenced by services, which in almost every country on the continent generates biggest percentage of GDP. The importance of industry is nowadays significantly lower, which is indicated by the tendency that experts in the topic of technology live there.