We know this side of the equation far too well. With rare exceptions, they are not participating in this revolution, nor have they benefited from these dramatic changes. However, they are the ones who make it possible for consumers to buy cheap clothes, shoes and other goods. Clearly, the global economy is not producing enough jobs in good conditions for all that need them. While there are tight labor markets in some countries, we have, in fact, a surplus labor market worldwide.
Work is a core issue in the global economy.
With globalization, work is changing. The kinds of work, the way we work and the place we work. But not the need for work. At least one billion human beings are unemployed or under-employed. The biggest danger ahead is growing chasm between the knowledge economy and the informal economy.