Industry

Industry – a field, which importance in the last years has substantially dropped

Industry
More and more experts that prepare various surveys as well as check situations in the economies worldwide tend to discover that the global economies differ much from those we could observe about 20 years ago.

Feld trains
Autor: MVolkmann
Źródło: http://www.flickr.com

It is connected with the fact that, first and foremost, regards industry we may recognize that it doesn’t have as significant impact on GDP as it used to have in the past. Moreover, we should also keep in mind that the popularity of this sector transfers to countries that are these days believed to be those, which develop the quickest, such as for instance China or India. The reason why this kind tendency happens is connected, above all, with demographic reasons, as both of these countries have more than one milliard of citizens each. This proves that there is an overcrowded labor market there and, consequently, people in order to work can accept significantly weaker salary than those in Europe, who would be able to live only in very poor standards for similar wage.

Skylines
Autor: Kool Cats Photography over 3 Million Views
Źródło: http://www.flickr.com

Another important fact is related to increasing popularity of services. This topic of economy is more and more popular in countries, which are thought to be mature economies, such as inter alia USA and countries of the Western Europe. In majority of them from each 100$ generated by domestic producers, 70 per cent is made by companies in this topic. It is more than twice and sometimes three times more than value of the products made in the topic of industry. Hence, inter alia regards planning our career if we don’t find it crucial to work in topic connected with our hobby, we are recommended to consider corporations.

To conclude, owing to series of changes in the global economy, industry and especially its importance has reduced considerably. This proves that in the future it may be possible that physical work would be no longer worth its prices in Europe, as it is done far less expensively in the countries presented above. On our continent, however, there is place for research & development, which is also crucial for the growth of this sector.