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3421337
DKE Part 2: Labour Market Effects
Description
ECON2540
No tags specified
digital knowledge economy
innovation
labour market
econ2540
bachelor
Mind Map by
stella.kalis
, updated more than 1 year ago
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Created by
stella.kalis
about 9 years ago
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Resource summary
DKE Part 2: Labour Market Effects
Globalisation & Labour Markets
connectedness determines GDP growth
ICTs reduce cost of production and distribution
purely digital goods & services
digital platforms facilitating cross-border exchange
Global Knowledge Economy (GKE) offers:
more entry points
more diverse range of players
opportunity for more people to be a part of production process
Prior to 1990s: globalisation of skilled jobs - manufacturing outsourced
Recently: Outsourcing knowledge services e.g. programmers, education, call centre staff etc.
BENEFITS: reduced poverty, increased wealth and opportunity
DRAWBACKS: Threatens middle-class jobs in advanced countries.
(Not a full loss - knowledge workers can now be employed worldwide)
Changing Labour Force
"knowledgification" of ordinary jobs
growth in demand for:
high skilled knowledge workers
low skilled service workers
More Flexible Work Arrangements
work less time / location dependent
more collaborative team based work
Womens opportunity and participation increased
Self employment
sharing economy: Uber, Airbnb, Elancer
2 Workplaces Emerge:
1) Standard "Traditional" workplace
full time career
government / large company
securiy
results focussed
lack of flexibility
2) The Non-Standard Workplace
Part time, casual, contractor
less security
focus on innovation, building brand
flexible
lots of opportunities
fast growth
Forces of digital tech reshaped entrepreneurship & innovation
Entrepreneurs
creating business activity, commercialising ideas
foundation of economic growth
people , companies (e.g. Google, CSL, Cochlear), or Networks / Alliances
use knowledge in different ways
changing connective structure of the knowledge base of economy
engaging in experiments
want to make a difference
Social Entres: Superannuation policy
Need to be able to
See opportunities first
Sieze them
Capitalise using other peoples money
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