TOPIC: How has the labor

market (worldwide) changed in

the last 20 years?

MANUSCRIPT 
Group 9: Vu Quynh An; Phan Dai Duong 

OUTLINE 
I. Introduction 
Definition of the Labor Market 
I. History
 What is high demand and low demand?
 What is a job outlook? 
I. Labor requirement 
1. In the Past
2. In the Present
I. The Impact of Technology to the Labor Market
1. The advantages of technology to the labor market
2. The disadvantages of the technology to the labor market 
I. Conclusion
II. Reference 

Bắt đầu game: before starting the topic, how about we play a
little game to warm up? I may need some talented artists for
this guessing game

Dẫn vào đề tài:

I wonder with just 2 words degree and worker. Can
anyone guess what topic we'll be talking about?

- Outline: before begin let take a overviewing what we

gonna covering on this topic.
DETAILS 
I. Introduction 
 A labor market is the place where workers and employers interact
with each other. It can also be understood as the place where the
supply and the demand for jobs meet, with the workers or labor
providing the services that employers demand. The worker may be
anyone who wishes to offer his services for compensation, while the
employer may be a single entity or an organization that is in need of
an individual to do a specific job or to complete a task. The worker is
then comparable to a seller while the employer is the buyer. In the
labour market, employers compete to hire the best, and the workers
compete for the best satisfying job.
 A common factor that connects the two entities is the salary or wage
that is agreed to be received by the worker from the employer. In
short, this is where workers can find work that suits their skills and
qualifications and where both agree on the wages, benefits, and other
forms of compensation for the worker.

I. History
 As we know, all jobs start with something called demand. When a job is in
demand, it means there are a lot of people needed to do that job but when
there’s low demand for a job, there are few people needed. So, have you ever
asked yourself what determines whether a job is in high demand or low
demand? History has the answer. 
 Now, let’s think about jobs that people used to do like a log roller. People
would stand on logs and float them down a river to get them from the forest
to the wood mill. However, these days we use trucks to quickly move them
from the forest to the wood mill . So there was a big demand for log rollers
until the truck was invented. Now that demand is gone and so is the job. So
many of the jobs that are in demand right now exist because of changes in
the past. There was a time when farmers used nothing but their hands and a
few strong animals to tend their fields. Over the years, machines were
invented to help farmers work faster with less effort, but that meant
farmhands who worked on farms lost their jobs. 
 At the same time new jobs were created because farm machines needed
people to design, build, operate and maintain them, understanding where
jobs came from and what jobs are in demand today. Lets see into the future.
This is called a job outlook. Let's use pizza night as an example. Have you
thought about how pizza gets to your home? Delivery people, right? Some of
them drive cars, some use bikes and others walk to deliver your food, but this
job can be tricky. There are lots of other cars on the roads and they can slow
down deliveries. It's a tough problem. How would you solve it? Could you
ever imagine that robots would be a solution? In the very near future robots
 like self-flying helicopters also known as drones could be delivering your
favorite food. Think about it because drones fly, they don't need to worry
about things like traffic or running into other people. It's so much faster not
to mention a cool way to have your pizza delivered. So by seeing what
problems people have when doing their jobs today and thinking about
creative solutions to those problems, you can start to predict how those jobs
may change in the future. Even better, you can predict new jobs that don't
even exist yet you could end up building the robots of the future.

So now let move to the next part Labor requirement and have an overview of how it has
changed -
I. Labor Requirement 
1. In the Past
So let's start with the past, more specifically, the 2000s
 In the 2000s, when the communications technology boom was just
beginning to take off, the workforce was still dominated by workers
when they didn't need much specialized, backgound knowledge or
communication skills. because the job is mainly manual labor.
Like working in industrial plants, cashier, and specifc like :
typist - a person who is skilled in using a typewriter,
especially one who is employed for this purpose.
Or milkman that no longer exist because the invention of the
refrigerator (ri phít giơ rator) made milk become long-life
 In some countries like Vietnam, you can find a job after graduating
from high school or even junior high school, and have a good health to
work. That’s ALL

1. In the Present
But now it's not that simple anymore
 Degrees and certificates are becoming more and more important, In
some countries, getting a master's or bachelor's degree is required to
get a job  
 Accompanied ( ơ com pa ny) by experience related to the position and
job they are targeting, Employers spend more time looking at this
section than any other part of your CV.
 With the breakthrough in the field of science, thousands of jobs are
associated with the use of modern technology, requiring machine
knowledge
 And many important think like commnucation skills, Personal
qualities and attributes, Physical abilities, languages and so on.

if you have all of those, your position as a worker is

more balanced than the employers.
 And that's the most obvious change in decades

LAST topic . The Impact of Technology to the Labor Market

1. The advantages of the technology to the labor market:
We like positive things, let's start with it first. Technology has
evolved rapidly over the past decade
 Significantly( síc nic fi cờ ly) improve communication
between job seekers and recruiters, Just look at this picture.
The desperation (des pơ rây tion) from this advertisement
can quickly help recruiters find plenty of designers who do
better than they doing. Therefore, it creating more suitable
job opportunities for job seekers and reducing the time it
takes to find the right labor source for employers. All
thanks to the development of communication and the
internet.
 Appear those websites allow you to avoid wasting time
sifting through job descriptions that have nothing to do with
you, so you can make the most of your job search time.
 Appears a new source of workers: Digital Labour, when
bringing high labor efficiency ( ơ fic sừn cì) , low cost, and
safest when infectious diseases started raging in recent
years.

Everything has two sides, so what's the negative side?

1. The disadvantages of the technology to the labor market:
+ The development of science and technology has also taken away
the value of many old manual labor jobs, leaving many
unemployed workers and employers struggling to find new
workers.
+ For example, the development of the internet has brought the
ability to watch movies across geographical barriers, Video-tape
and disk rental have become obsolete and a series of workers in
that industry have had to fall to find a way out. 
in november 2000, about one hundred twtenty
seven thousand people were employed and
 falling to 12,000 in 2017 (a 90% drop)
. And this is the last rental shop in manila that
keeps a bygone era alive
+ Although communication technology creates a great bridge ( b rij)
between employees and employers. However, many bad guys start to
take advantage of it to scam job seekers to steal money, this is very
alarming behavior, because many users do not have understanding of
how to identify

I. Conclusion
 Through this presentation, we can see that over the past two decades, the
world's labor market has clearly changed. 
 Labor requirements have gradually increased. Besides the university
diploma, they need to have more degrees or certificates to be able to
find a good job.
 Increasingly developing technology has brought many benefits to the
labor market, but at the same time it also causes some disadvantages.

I.
Reference  
 https://economictimes.indiatimes.com/definition/labour-market
 https://corporatefinanceinstitute.com/resources/knowledge/economics/labor-market/
 https://www.hiringlab.org/2019/05/30/changing-labor-markets-around-world/
 (9) Exploring jobs past, present and future - YouTube
 IZA World of Labor - The labor market in the US, 2000–2020

(11) What is Digital Labor? - YouTube