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World Labor Market Gains Strength
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The German airline Lufthansa is hiring 2,500 new workers. Toyota, with automobile profits and sales rising at double-digit rates, is moving to add 8,000 engineers worldwide. The Japanese electronics company Toshiba plans to hire 1,000 workers in Poland to make flat-panel TV sets. All this reflects a labor market that has been strengthening this year, not just in the United States but in industrialized nations worldwide, providing jobs for millions of new workers. (Christian Science Monitor [1], Wednesday)
Globalization increases the demand for labor.
FEE Timely Classic
Globalization and Free Trade [2] by Richard M. Ebeling
Article printed from Foundation for Economic Education: http://www.fee.org
URL to article: http://www.fee.org/articles/in-brief/world-labor-market-gains-strength/
URLs in this post:
[1] Christian Science Monitor: http://www.csmonitor.com/2006/1108/p03s03-usec.html
[2] Globalization and Free Trade: http://www.fee.org/publications/the-freeman/article.asp?aid=4670
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