The structural changes in the labor market caused by globalization, modern technology that is accelerating to unpredictable proportions, as well as financial and economic crises and aging population, have all resulted in high permanent unemployment, leaving governments around the world in quite of a struggle, without the prospect of them achieving any noticeable results anytime soon.
In the world, seen as a Global Village, prolonged instability of the financial market, causes shocks throughout the world’s economies, leaving the vast majority of securities, cryptocurrencies, real estate and other kinds of investors rolling in the failure of the digitalised financial resources gone worthless. Alongside them, other industries suffer. Past decade was the lavish display of all we just mentioned.
Most of the developed world is in the transition from the traditional economy to the economy powered and propelled by innovations.
Australia has a shortage of civil engineers, with a recent vacancies report by Engineering Australia showing job vacancies exceeding that of the general employment market in every state and territory of the country, but that demand is stronger in NSW and Victoria, with as much as 6.3 percent growth in engineering vacancies.
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