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Globalization has made the world unified. Due to the globalization the world economy is
connected, so as the labour market. The labour market issue arises due to the globalization. An
increase in the globalization of labour market is due to lack of talented worker in the developed
countries. Also, developed countries are facing challenges like long term talent due to the
retirement of the old workers. Therefore, there is a shortage of labour in most of the industries
like manufacturing, communication, financial services, construction etc. Also, developing
countries are facing the problems like unemployment, low salaries which increase the
globalization in labour market.
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