Improvements in the field of industry that have happened during recent 20 years as an example of the impact of inter alia globalization

People, who are now believed to be an older generation (aged 50 or higher) usually discover that the world developments really rapidly. It is indicated by the fact that, firstly, the pace of improvements has improved considerably. That’s the reason why, in some cases learning one skill or having a professional commodity may only provide us a competitive positive aspect only for short period of time.


Autor: Bryce Miller
Therefore, in order to better respond to the needs of the market, we are recommended to not forget that, above all, we ought to learn systematically and don’t stop developing our knowledge. Thanks to such an attitude we are likely to be in far better position regards searching new job etc. Changes are necessary element of existence nowadays, which we can also recognize on the example of industry, a topic where the structure of the employment on the Earth has improved a lot. It is implied by the term of labor costs. It indicates how much money is paid for one person in a country for one hour of work.

Another influential fact is referred to demographical tendencies, as also in this field a lot has changed compared with recent decades. First and foremost, there are some countries that have more than one milliard of people living between their borders.

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The most meaningful examples are referred to China and Indie, which together have about 1/3 of the globe’s citizens. Therefore, the costs of employing a person there compared with Europe is far more attractive, which indicates that also rising number of mines as well as factories are opened 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 these days discovered to be improvingly more influenced by services, which in almost every country on the continent generates highest percentage of GDP. The meaning of industry is contemporarily considerably smaller, which is implied by the fact that specialists in the area of technology work (coal mine equipment) there.