The German airline Lufthansa is hiring 2,500 new workers. Toyota, with automobile profits and sales rising at double-digit rates, is moving to add 8,000 engineers worldwide. The Japanese electronics company Toshiba plans to hire 1,000 workers in Poland to make flat-panel TV sets. All this reflects a labor market that has been strengthening this year, not just in the United States but in industrialized nations worldwide, providing jobs for millions of new workers. (Christian Science Monitor, Wednesday)
Globalization increases the demand for labor.
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Globalization and Free Trade by Richard M. Ebeling