The great transformation in the global labour market.

This article focuses on the transformation of the labour market worldwide. The increase in the global supply of highly-qualified skilled workers leads to the competition of prices and knowledge in the labour market. It is stated that the global working trend is towards high-end work in low-cost locations. The problems for the "business as usual" model are discussed including the death of the human capital, the stifling of the entrepreneurial spirit and disregard of education in capitalism.