Changes in the field of industry that have happened during recent 20 years as an example of the impact of for instance globalization

People, who are now known to be an older generation (aged 50 or higher) mostly get to know that the world improvements very rapidly. It is implied by the fact that, first of all, the pace of improvements has developed considerably. Therefore, sometimes learning one skill or having a professional good may only provide us a competitive positive aspect only for short period of time.


Autor: Bryce Miller
That’s the reason why, in order to more appropriately respond to the needs of the market, we are advised to not forget that, first of all, we are recommended to learn regularly and don’t stop developing our knowledge. Due to such an attitude we are likely to be in significantly better position in terms of seeking new job etc. Developments are necessary element of existence currently, which we can also discover on the example of industry, a topic where the structure of the employment on the Earth has improved substantially. It is proved 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 important fact is connected with demographical tendencies, as also in this field a lot has changed compared with recent decades. First of all, there are some countries that have more than one milliard of people living between their borders. The most meaningful examples are connected with China and Indie, which together have about 1/3 of the world’s citizens. Therefore, 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 opened there. This implies that industry sector is no longer as popular it used to be inter alia half a century ago.

In the light of the points mentioned above, in terms of Europe, this continent is at present recognized to be increasingly more influenced by services, which in almost every country on the continent generates biggest percentage of GDP. The role of industry is nowadays considerably lower, which is proved by the tendency that experts in the area of technology are employed there.