• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Analysis of "The End of Work" by Jeremy Rifkin discusses the decline of the global labor force and the dawn of the post market era.

Extracts from this document...


´╗┐Agbolade The end of work written by Jeremy Rifkin discusses the decline of the global labor force and the dawn of the post market era. The book is divided into five sections; ?The Two Faces of Technology ?,?The Third Industrial Revolution?: The Decline of The Global Force?, section 4:?The Price of Progress? ?The Dawn Of The Post- Market Era? he organized the text in sections so that the readers can understand how the end of work started declining in stages has we read through each section. With that, the analysis of the critique is focused on section 1, which focuses on the current technology revolution viewed from the standpoint of its effect on employment and global economy. Rifkin described that the world is entering a phase in history, which is characterized by the rate of unemployment in the world today. He said ? Unemployment is now at the highest level since the great depression of the 1930s? (Rifkin 2005: xv). He furthered mentioned how the growing numbers of underemployed or unemployed and new extrants into the workforce find themselves victims of technology development and new technologies are replacing labor force. ...read more.


Further more, Rifkin argues that many of blue collar jobs like receptionist sale clerks and telephone operators and wholesalers are just many of occupations that are destined for virtual extinctions, while the jobs that are been created to replace the old jobs are lower paying jobs. While I think that Rifkin analysis on some of the blue collar jobs being virtual extinction is true, however, he forgets or neglects to include Liberians to his list, today most Liberians are losing their jobs due to the development of electronic data system, the electronic systems are able to search and transmit articles and give information half the time that a Liberian would perform the same task. In addition, Rifkin argued that even though ?retraining on a mass scale was built, not enough high tech jobs will be available in the automated economy of the 21st century to absorb the vast numbers of dislocated worker (Rifkin 2005:37). I agree to Rifkin on this point because, using the statistics of graduate student or adults that have gone back to school as template to gain advantages of over next person that is applying for the same job, and have not gotten a job in their chosen field the numbers are vastly large. ...read more.


The idea of trickle down technology argues that technological innovations, advances productivity, and falling price will create sufficient demand and lead to the creation of newer jobs (Rifkin 2005:40). I think that Rifkin argument on trickling down technology in other to increase the availability of jobs great, his theory is that laborsaving technology would increase productivity and give the chance to produce more goods and less cost. In conclusion, The End of Work provides a wealth of information that can help reduces the unemployment rate in the world today. One the most important thing we should ask ourselves while reading The End of Work, is how does the effect of what Rifkin is arguing about affect our lives? As a student I will say that it is scary to enter employment workforce when I graduate because, I have seen the level of rejection my friends get because of there are no sufficient jobs to attain the number of graduates. I also think if technological advancement keep growing at rate that it going, graduates would need more certificate other than undergraduate degree or master or PhD, to enter the workforce because of the technological advancement. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our International Baccalaureate Economics section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related International Baccalaureate Economics essays

  1. Strategic Business Management - Cadbury

    terms of low switching cost, relatively easy access to distribution channels, industry growth rate is in many markets significant, which goes in favour of the new entrants. Threat of substitute products - This threat is as opposed to other, relatively high since substitutes are plenty, some with lower and some with higher prices and switching costs to buyers don't exist.

  2. An analysis of Why Economic Sanctions are bad. Quotes and argument.

    Between 1914 and 1990, various countries imposed economic sanctions in 116 cases. They failed to achieve their stated objectives in 66 percent of those cases and were at best only partially successful in most of the rest. Since 1973, the success ratio for economic sanctions has fallen greatly to 24 percent for all cases.

  1. Heritage Management

    tourists perceive to be desirable is of paramount importance in any form of sustainable self or governmental legislation. Hence quality parameter may be added to qualify sustainable practices and make sustainable practice more attractive to commercial interests of the companies.

  2. Human Research Management - Southwest Airlines

    Employee-led initiatives are common (e.g. pilots were helpful in developing new protocols for takeoff and landing that save fuel). Those are facilitated by the circumstance that SWA employees enjoy substantial authority, decision-making power, as well as opportunities to make innovations.2 They are encouraged to take individual responsibility for certain actions,

  1. Accounting Information System

    (Zhao, 2002) With the popularity of computer use, making accounting information processing speed and efficiency greatly increased. In addition, the cost could be reduced by using the computer to communicate and delivery the information with each other. Wide application of network technology would help the accounting information users' access to information more quickly.

  2. Equal rights for women in labour market in Lithuania

    Despite the arguments, the problem of equal rights in labour market exists, yet several attempts have been made to improve the situation in Lithuania. Since the declaration of independence in 1990, many important economic changes such as rapid development of private sector, decrease of labour force in size, growth of

  1. What has happened to Canada's demographic over the past 50 years? What are ...

    This is due the aging population, and thus there are many people who are leaving the labour market as they become older. Other Areas Which Are Facing Labour Shortages ________________ There are other sectors in Canada that are also experiencing labour shortages: 1.

  2. What new possibilities do developments in technology provide for families?

    if the children can use computers at home to do their work but if they start to play to much computer games their life health get reduced. Addiction is also a really bad affect of to much computer playing. If you start to play Online-Multiplayer Games (World of Warcraft)

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work