Developed Countries New Economic Development (Paperback) | Released: 28 Mar 2020

Technological change has bring the middle class productivity gains into higher wages for majority of workers and the labor share of total income continues dropping, career paths have become more volatile and working conditions more raises need for many workers, but the different countries worker discrimination increases, when one office has different countries workers need to work together .Nowadays, the current technological changes of humans and machines, but rather an opportunity for work to truly become a channel though which human recognize full potential. As US is a high technological developed country. I assume many US employers will choose to act to be the first high technological and invention manufacturing leader to encourage which labors need to learn high technological production methods to prepare manufacture any new technological products to sell in the future US domestic or foreign both markets. Thus, it is possible that future high technological manufacturing labor numbers will be shared large go e.g. 50 to 60% future total US labor market.How can future US labor market affect job creation and productivity growth? US future economic growth requires factor reallocation across US firms and continuous replacement of technologies. US labor market influences US economy dynamism by their impact on the supply of a key factor, skilled workers to US new and expanding firms, US growth -favoring labor market includes portable pension plans and health insurance united to the current US employers, individualized wage-setting and US public income insurance systems that encourage mobility and risk taking. US future economic growth arises as production shifts from less to more successful firms though the reallocation of factors of production . US labor market can advance restructuring. Overly regulations tend to create a system in which a large share of economic activity occurs in US small firms without the ability to grow. US labor market should be organized to promote potential high growth US firms, especially through decentralized and individualized wage setting, portable jobs.In the future, US will have many key importance of high growth firms. US capitalism entails a process of creative destination. New ideas continuously challenges act structures, giving rise to structural transformation as successful innovations and new products firms and industries will arise and obsolete ones will decline in US society. Martin, J. P. (2012) studies pointed to high-growth forms ( sometimes known as gazelles) as the main drivers of this process. In the US, an estimated 1% of firms creation 40% of all new jobs and 5% create almost 70% of new jobs. A review of the studies of US firms growth reveals some common findings . US high-growth firms are crucial to net job growth, generating a large share of all net jobs . This is particularly pronounced in recessions, when US high-growth firms continue to grow when other US firms deadline. US small firms are over-represented among high-growth firms, but these US firms come in all sizes . A small subgroup of large high growth firms are major job creators. Such as US high -growth firms are younger on average, US young and small high high-growth firms grows, not through mergers and acquisition and make a larger contribution to net employment growth than do US larger and older higher growth firms, high growth firms are present in all industries. Through they are slightly overrepresented in service industries in US.