The growth in wage rates for difficult-to-replace professions is also driving up training and education in nursing and medicine, in part driven by the demographic bubble occurring in the U.S., in part driven by the high turn-over of nurses who exit the workforce due to retirement. The fact that wages are increasing in these acute shortage areas are also driving up the supply of labor, as workers migrate away from slower-growing professions into these of higher growth with unmet needs for workers. The combined effects of immigration and higher wage rates in those professions with the largest unmet needs drives up the supply of labor significantly.
In summary, both the increase in the supply and demand of labor is being driven by global economics and the unmet needs for specific types of professionals throughout different nations. An example of these professions includes nursing, computer programming and systems analysis, and specific medical fields as well. Wage increases are also forcing a re-distribution of labor from consolidating and shrinking industries to those expanding, in need of new workers.
The bottom line is that globalization is having a pervasive effect both on increasing the demand, supply and distribution of workers to industries where demand for their specific skills is greatest.
Why do our political leaders favor exports of U.S. goods and "buy American" policies?
Politicians continue to advocate exporting U.S. goods and "buy American" programs first due to many of them having large manufacturing bases in their districts and states they represent, and therefore are looking to promote the economic interests of their constituents.
The exporting of American products also reduces the nation's balance of trade in a broader macroeconomic sense, and also leads to a stronger U.S. dollar against other currencies. For those politicians...
Subsidies in Wind Energy in Holland As it appears, Holland is not the only nation to give an economic boost by supporting a promising new source of energy. In the Holland history, energy subsidies have been crucial for the overall economic development. This essay looks at the positive aspects of these intermittent subsidies. It also details how the same subsidies are weakening the renewable energy industry by focusing on how the
Significance of the Study This study is significant because it sheds light on a very important contributor to local and international trade. Trade fairs have a long history in providing a meeting place for buyers and sellers. They are an important channel of communication for B2B buyers and sellers. This is a significant area for study because there are limited channels of communication between B2B buyers and sellers. The previous sections
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