Developments in the topic of industry that have happened during recent 20 years as an example of the influence of for instance globalization

People, who are now believed to be an older generation (aged 50 or higher) usually find out that the world developments very quickly. It is proved by the fact that, above all, the pace of improvements has developed substantially. Hence, sometimes learning one skill or having a professional commodity may only give us a competitive benefit only for short period of time.


Autor: Bryce Miller
Therefore, in order to better respond to the demands of the market, we are recommended to keep in mind that, first and foremost, we need to learn all the time and don’t stop improving our knowledge. Owing to such an attitude we are likely to be in far better position concerning seeking new job etc. Changes are necessary element of existence currently, which we may also recognize on the example of industry, a topic where the structure of the employment on the Earth has grown significantly. It is implied by the term of labor expenses. It indicates how much money is paid for one person in a country for one hour of work.

Another influential fact is related 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. The most meaningful examples are related to China and Indie, which together have about 1/3 of the globe’s citizens. As a result, the expenses of employing a person there compared with Europe is completely much more attractive, which implies that also increasing percentage of mines as well as factories are established there. This indicates that industry sector is no longer as popular it used to be for instance half a century ago.

To conclude, regards Europe, this continent is currently observed to be improvingly more influenced by services, which in almost every country on the continent generates biggest percentage of GDP. The role of industry is nowadays substantially lower, which is indicated by the tendency that experts in the topic of technology live there.