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The Global Auction - The Broken Promises of Education, Jobs, and Incomes (Paperback)
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The Global Auction - The Broken Promises of Education, Jobs, and Incomes (Paperback)
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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. "A brilliant new
book." - Andrew Reinbach, The Huffington Post "This is a very
important book. Their critique of the present state of global
capitalism is both timely and convincing." - Roger Brown, Times
Higher Education "[A]truly outstanding volume."-Lois Weis,
University of Buffalo, British Journal of Sociology of Education.
"The Global Auction is a must-read for parents, college students,
and policymakers. We press the message to our children: 'Study. Get
degrees. Get a good job. And you will live the good life.' But such
claims are strikingly at odds with the realities of income
stagnation and poor job prospects. The authors explain how this
dramatic breakdown between rhetoric and reality happened and how we
might reconstruct an alternative future in which education becomes
meaningful and fulfilling in its own right." -Henry M. Levin,
Columbia University "This is a challenging and very timely book.
The gauntlet is thrown down to economists wedded to human capital
theory and to sociologists who see education as the great engine of
social mobility." -John Goldthorpe, University of Oxford "The
Global Auction deals with one of the most pressing issues of our
times: how the significant expansion in the labor supply available
to multinational corporations is leading to dramatic shifts in the
location of employment around the world. It draws on years of
in-depth research, offering valuable insights for both academics
and business leaders."-David Finegold, Rutgers, The State
University of New Jersey "Brown, Lauder, and Ashton's book is
brilliantly argued and provides a wakeup call to global citizens
everywhere. There is no substitute for the regulation of global
capitalism in the interests of the many rather than the few, and
this book slams the door on the last set of excuses for maintaining
the current system-that somehow the educated will escape the race
to the bottom."-Kevin Leicht, University of Iowa
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