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As the baby-boom generation start to retire, there will be fewer experienced workers to work for the industries. This will then cause the industries to search for people with appropriate skills needed for the jobs. If the industries don't find the workers in time, there will be an effect on the business. This effect is, the people won't get what they need from the industry causing the industry to lose its business.

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Meda Jacobson

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3y ago

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Explain how the workplace issue of downsizing is related to the global economy?

As the baby-boom generation start to retire, there will be fewer experienced workers to work for the industries. This will then cause the industries to search for people with appropriate skills needed for the jobs. If the industries don't find the workers in time, there will be an effect on the business. This effect is, the people won't get what they need from the industry causing the industry to lose its business.


Define a global workplace?

A global workplace is the like jobs in the world


Why is Chrysler downsizing in jobs?

Chrysler is downsizing jobs so that they can stay competitive in the global market by reducing costs. By downsizing they save on paying weekly wages, health care , and other benefits.


What unethical practices are multinational corporations allowed under the global economy?

It is not unusual for them to get help from undemocratic governments that compete in the global marketplace by refusing to protect their citizens from environmental degradation and workplace abuse


The global workplace refers to?

The global workplace refers to workers in the advanced countries, parts of Africa and most of Latin America.


What is global market in simple meaning?

A Global market can pertain to the people from various countries that purchase goods and services. In a global economy, it is related to finance and trading between countries.


What is the significance of global economy?

Its Global.


What are the most dominant areas in the global economy?

The most domi The most dominant areas in the global economy include: nant areas in the global economy include:


What is the effect of politics in global economy?

A strong political will will keep the global economy sound


What has increased the need for job certifications?

The changing global and U.S. economy, along with expectations of the workforce, has, in many instances, brought about a need for higher credentialing standards for employees in many areas of the workplace.


What part of speech is the word global?

Global is an adjective, as in the case of "global confusion" or "global economy".


What is the difference of global economy and world economy?

its the same thing