Underemployed workers from declining industries face challenges in finding comparable jobs. Globalization and outsourcing contribute to increased unemployment in developed countries.
True
Underemployed workers often result from declining industries like the automobile industry, where specific skills may not easily transfer to other sectors due to industry-specific training. This can lead them to accept lower-skilled jobs, pursue professional retraining, or face long-term unemployment.
The move towards outsourcing and globalization, with the shift of jobs to developing countries, has also contributed to increased unemployment in developed nations. Lack of new job creation and workforce training exacerbate this issue, impacting the support for globalization.
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