Labor in the New Global Economy: Mobile Capital, Multinationals, Working Standards

Labor in the New Global Economy: Mobile Capital, Multinationals, Working Standards

Economists can predict few things in this world with certainty. Despite our confident manner, we really do not know what the unemployment rate will be in six months or what interest rates will be in a year. Or whether in ten years companies will be programming computers to make workers more productive or programming workers to make computers more productive.

But there is one prediction that I can make without hesitation: it is that the trend toward the globalization of the economy will...