Today's economic society has come to witness the ever-increasing importance of information, as well as the shrinking of the global village. This phenomenon, in turn, leads to employment problems. Today, however, such bandaid-type solutions are no longer available. All of the world's developed countries suffer from budget deficits, and cannot raise spending so easily any more. The aging of these nations' populations has also played a role in their decreasing resources for providing social guarantees and ability to help employ their citizens.
Prospects are even dimmer for the former socialist countries.
Although they have been doing their best to make the transition to market economies, it remains doubtful whether they have the skills and knowledge necessary to make the leap. At the very least, it will still take a good deal of time. Also, neither individuals nor companies can continue to aim their sights at earning money. They must begin to bring altruism, and awareness of social responsibility, as well, to the work they do. Economic activity on both the individual and the corporate level must be rethought, and pinned upon a new philosophical framework.