Growth of global economy and massive entry in it of new players including new workers proved to be challenging to existing socio-economic order.
A mass of current job-holders is threatened with reduced compensation or outright disappearance of their source of income. While new economic situation provides new opportunities, the existing socio-economic order does not allow the majority of current job-holders to explore them. Their skills are not valued any more or outright not needed and the mechanisms protecting their jobs (as unions) are failing.
It is obviously a political issue, but too many players in all strata of society do not have any desire to change the existing system, because such change would threaten their social position.
It is obvious what has to be done.
One cannot wait until one’s job disappears; one has to acquire new skills, market them and negotiate new compensation for them, preferably a better compensation than current one.
This new mode of social functioning requires massive government support. A new system of adult education has to emerge. It should be supported with restructured taxation and direct government subsidies.
This system of adult education should provide real opportunity to acquire new marketable skills to a mass of people and it should allow a person to turn to it again and again to acquire a new skill set, when a previous one becomes less marketable.
The benefits of this approach are numerous; however resistance to it is strong. In spite of obvious need for it and governments spending enormous amount of money to stimulate economy, there is no money allocated for this purpose.
Hence a perfect political battle is looming. Those who want more dynamic, freer society will advocate for this new education system and will gather support of voters behind such an obvious idea. Those who try to maintain existing order and their existing privileges will resist it, in spite of pressures of global economy.