DKE Part 2: Labour Market Effects

Mind Map by stella.kalis, updated more than 1 year ago
Created by stella.kalis almost 5 years ago



Resource summary

DKE Part 2: Labour Market Effects
1 Globalisation & Labour Markets
1.1 connectedness determines GDP growth
1.2 ICTs reduce cost of production and distribution
1.2.1 purely digital goods & services
1.2.2 digital platforms facilitating cross-border exchange
1.3 Global Knowledge Economy (GKE) offers:
1.3.1 more entry points
1.3.2 more diverse range of players
1.3.3 opportunity for more people to be a part of production process
2 Prior to 1990s: globalisation of skilled jobs - manufacturing outsourced
3 Recently: Outsourcing knowledge services e.g. programmers, education, call centre staff etc.
3.1 BENEFITS: reduced poverty, increased wealth and opportunity
3.2 DRAWBACKS: Threatens middle-class jobs in advanced countries.
3.2.1 (Not a full loss - knowledge workers can now be employed worldwide)
4 Changing Labour Force
4.1 "knowledgification" of ordinary jobs
4.2 growth in demand for:
4.2.1 high skilled knowledge workers
4.2.2 low skilled service workers
4.3 More Flexible Work Arrangements
4.3.1 work less time / location dependent
4.4 more collaborative team based work
4.5 Womens opportunity and participation increased
4.6 Self employment
4.6.1 sharing economy: Uber, Airbnb, Elancer
4.7 2 Workplaces Emerge:
4.7.1 1) Standard "Traditional" workplace full time career government / large company securiy results focussed lack of flexibility
4.7.2 2) The Non-Standard Workplace Part time, casual, contractor less security focus on innovation, building brand flexible lots of opportunities fast growth Forces of digital tech reshaped entrepreneurship & innovation
5 Entrepreneurs
5.1 creating business activity, commercialising ideas
5.2 foundation of economic growth
5.3 people , companies (e.g. Google, CSL, Cochlear), or Networks / Alliances
5.4 use knowledge in different ways
5.5 changing connective structure of the knowledge base of economy
5.6 engaging in experiments
5.7 want to make a difference
5.7.1 Social Entres: Superannuation policy
5.8 Need to be able to
5.8.1 See opportunities first
5.8.2 Sieze them
5.8.3 Capitalise using other peoples money
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