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Women now make up 40% of the global labor force.
But the woes in civilian aerospace, the company said, mean that an additional 11percentt of its global labor force will be let go.
"What do low-cost goods mean in light of the pressing issues of the global environment, global human rights and the global labor force?" Ms. Strasser asked.
They are pouring scores of millions of hardworking, white-collar workers into the global labor force.
If you divided 9.57 zettabytes among the 3.18 billion workers that make up today's global labor force, then each person would receive around 3 terabytes of information per year.
Inclusion of an additional 4-plus billion people to the global labor force has created demand for latest and greatest, technologically sophisticated, knowledge-based goods and services in regions of the world nearly all characterized as backward and poor, from which the talented and educated fled for a better life elsewhere.
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Over the past decade, China, India and Russia joined global markets, doubling the labor force (at least) and changing the relationship between capital and labor in the former's favor.
Cheap global labor was the driving force of economic expansion in the last century, and with new winners and losers, expanding trade and commerce generally worked.
The argument is simple: today's highly competitive technological global economy requires a labor force highly skilled in the very, very sophisticated concepts of computer programming, game theory algorithms, A/B testing, etc. and the products of the American education system just aren't up to the task.
China is not the only country in which a young labor force attracts global businesses and investors.
The global economy benefits from a labor force that can transact business in more than one language, which would seem to reinforce the need for bilingual education.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com