maltatoday
Business &
Finance
As G20 leaders meet in Hamburg
to discuss the current state of
the world and how to improve it,
they will need to come to terms
with the fact that recent elections
in many countries present sent a
clear message about an economy
that has excluded many people.
The working classes want someone
to pay attention to the fact that
their jobs have been displaced
by technology and globalization.
They want the dignity that comes
from work, but the jobs they once
performed have disappeared. So
now they want someone to fix
that problem, and they voted
accordingly. Business itself
wasn't on the ballot, although
they have prospered from global
markets and dramatic advances in
technology. These changes have
made significant contributions to
productivity, but they have also
created the perception that jobs
were outsourced, as manufacturing
moved to economies with lower
labor costs.
