Globalisation began what should be called the Great Convergence, creating a globalising labour market in which wages in emerging market economies slowly converge with wages in rich economies, generating a steady drop in real wages across Europe. (Guy Standing)

Globalisation began what should be called the Great Convergence, creating a globalising labour market in which wages in emerging market economies slowly converge with wages in rich economies, generating a steady drop in real wages across Europe.

Guy Standing

Related topics

across begin convergence drop emerging great market real rich should wages labour globalisation

Related quotes

Great literature must spring from an upheaval in the author's soul. If that upheaval is not present then it must come from the works of any other author which happens to be handy and easily adapted.

Robert Benchley

Life is not an easy matter... You cannot live through it without falling into frustration and cynicism unless you have before you a great idea which raises you above personal misery, above weakness, above all kinds of perfidy and baseness.

Leon Trotsky

God does not die on the day when we cease to believe in a personal deity, but we die on the day when our lives cease to be illumined by the steady radiance, renewed daily, of a wonder, the source of which is beyond all reason.

Dag Hammarskjöld

The first to enter heaven was a thief. And the first to enter hell was an apostle of Christ. And how all this happened is a great lesson for us. Therefore, one should never despair nor give up on another.

Athanasios of Limassol

The youngest children have a great capacity for empathy and altruism. There's a recent study that shows even 14-month-olds will climb across a bunch of cushions and go across a room to give you a pen if you drop one.

Alison Gopnik