Global-labor, Risk or Opportunity?: Difference between revisions

Global labor is a term basically link back to its root of what is labor in general. Labor has been described long ago as the political economy professor from Trinity College, Connecticut defined the term as the application of power and device of man, to supply the wants and to gratify the desire of the race. Labor is a part of production factor in order to produce any kind of goods or services. It will grow from time ahead and in case other factors of production and distribution are organize in global perspective the global labor is in process. This global labor is valuable and specialty labor. They have the necessary skills and capabilities to work around the globe. They are varied from top level manager, political consultant, computer programmers, and biotechnologist to sports stars.

We could categorize them into unskilled, semi-skilled and professional labor. All of them are mobilize themselves in the international labor market. The unskilled and semi-skilled usually land on the market through contracted scheme. The professional has higher bargaining position and academics and students fall to this category as well.

There were 1.505 million foreign working in the UK in 2005. It was 5.4 percent of the UK employed population ([http://www.statistics.gov.uk/articles/labour_market_trends/foreign_labour.pdf]). It was quite significant considering the population in UK at the time.  According to the statistic from 2006, out of 1.763.822 employed man In Austria, 234.506 were foreign workers.([http://www.statistik.at/web_en/searchresults/index.html]). The foreign workers in Canada were nearly 2.5 million in 2007. It increased 2.1% from the previous year. ([http://www.statcan.gc.ca/daily-quotidien/080513/dq080513a-eng.htm]). The trend continues to increase until the crisis hit. The crisis will decline the labor force especially in Europe.