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The Global Auction - The Broken Promises of Education, Jobs, and Incomes (Hardcover)
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The Global Auction - The Broken Promises of Education, Jobs, and Incomes (Hardcover)
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For decades, the idea that more education will lead to greater
individual and national prosperity has been a cornerstone of
developed economies. Indeed, it is almost universally believed that
college diplomas give Americans and Europeans a competitive
advantage in the global knowledge wars.
Challenging this conventional wisdom, The Global Auction forces us
to reconsider our deeply held and mistaken views about how the
global economy really works and how to thrive in it. Drawing on
cutting-edge research based on a major international study, the
authors show that the competition for good, middle-class jobs is
now a worldwide competition--an auction for cut-priced
brainpower--fueled by an explosion of higher education across the
world. They highlight a fundamental power shift in favor of
corporate bosses and emerging economies such as China and India, a
change that is driving the new global high-skill, low-wage
workforce. Fighting for a dwindling supply of good jobs will compel
the middle classes to devote more time, money, and effort to set
themselves apart in a bare-knuckle competition that will leave many
disappointed. The authors urge a new conversation about the kind of
society we want to live in and about the kind of global economy
that can benefit workers, but without condemning millions in
emerging economies to a life of poverty.
The Global Auction is a radical rethinking of the ideas that stand
at the heart of the American Dream. It offers a timely expose of
the realities of the global struggle for middle class jobs, a
competition that threatens the livelihoods of millions of American
and European workers and their families."
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