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Human Capital In The Knowledge Economy : A 3-Country Case Study In Healthcare, James Scott Mccallum

Theses and Dissertations

During the present knowledge economy there appear to be labor shortages at the same time and in the same regions in which there is an excess of labor supply. Such a pattern would run counter to previous major economic disruptions, as well as questioning traditional free market economic theory of supply and demand principles. Implications for policy where there are global labor shortages along with surplus labor availability in a market economy, are significant. It will likely indicate a drag on economic growth for business sectors, for regions and perhaps globally. It would indicate an accompanying growing disparity of income. …