The Global Auction
The Broken Promises of Education, Jobs, and Incomes
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Product details:
- Publisher OUP USA
- Date of Publication 27 January 2011
- ISBN 9780199731688
- Binding Hardback
- No. of pages208 pages
- Size 165x241x17 mm
- Weight 437 g
- Language English 0
Categories
Short description:
The Global Auction offers a timely exposé of the realities of the auction for middle class jobs that threatens the livelihoods of millions of American and European workers and their families. It traces the major trends shaping the global labor market and calls for a radical rethinking of the ideas-the promise of opportunity through education-that have stood at the heart of the American Dream for decades.
MoreLong description:
For decades, the idea that more education will lead to greater individual and national prosperity has been a cornerstone of developed economies. Challenging this conventional wisdom, The Global Auction forces us to reconsider our deeply held and mistaken views about how the global economy really works and how to thrive in it. The authors show that the competition for good, middle class jobs is now a worldwide competition--an auction for cut-priced brainpower--fueled by an explosion of higher education across the world and a fundamental power shift in favor of corporate bosses and emerging economies such as China and India. These drivers of the new global high-skill, low-wage workforce threaten the livelihoods of millions of American workers and their families. Fighting for a dwindling supply of good jobs will compel Americans to devote more time, money and effort to set themselves apart in a bare-knuckle competition that will leave many disappointed. The Global Auction is a radical rethinking of the ideas that stand at the heart of the American Dream.
a very important contribution to the debate on skills and inequality.
Table of Contents:
Introduction
The Promise
The Education Explosion
The Quality Revolution
Intellectual Arbitrage
Digital Taylorism
War for Talent
High Skills, Low Wages
The Rat Race
A New Opportunity