“The large increase in the developed world’s labor supply, triggered by geo-political events and technological innovations, is the major underlying cause of the global macro economic imbalances that led to the great recession,” the paper said. “The inability of existing institutions in the U.S. and the rest of the world to cope with this shock set the stage for the great recession,” writes Michael Derby of Wall Street Journal Blogs.

Via Global Worker Surge Was Behind Recession – Real Time Economics – WSJ.

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Workforce Vision | workforce-vision.com
A look inside the changing way that we work and employ others

Human Capital * Contingent Workforce * Globalization * Trends
Outsourcing * Staffing * Human Resources * Technology

Published by Bill Inman | billinman.com

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