The Global Auction: The Broken Promises of Education, Jobs, and Incomes

Paperback | July 15, 2012

byPhillip Brown, Hugh Lauder, David Ashton

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For decades, the idea that more education will lead to greater individual and national prosperity has been a cornerstone of developed economies. Indeed, it is almost universally believed that college diplomas give Americans and Europeans a competitive advantage in the global knowledge wars.Challenging this conventional wisdom, The Global Auction forces us to reconsider our deeply held and mistaken views about how the global economy really works and how to thrive in it. Drawing on cutting-edge research based on a major international study, the authors show that the competition forgood, middle-class jobs is now a worldwide competition - an auction for cut-priced brainpower - fueled by an explosion of higher education across the world. They highlight a fundamental power shift in favor of corporate bosses and emerging economies such as China and India, a change that is drivingthe new global high-skill, low-wage workforce. Fighting for a dwindling supply of good jobs will compel the middle classes to devote more time, money, and effort to set themselves apart in a bare-knuckle competition that will leave many disappointed. The authors urge a new conversation about thekind of society we want to live in and about the kind of global economy that can benefit workers, but without condemning millions in emerging economies to a life of poverty. The Global Auction is a radical rethinking of the ideas that stand at the heart of the American Dream. It offers a timely expose of the realities of the global struggle for middle class jobs, a competition that threatens the livelihoods of millions of American and European workers and theirfamilies.

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For decades, the idea that more education will lead to greater individual and national prosperity has been a cornerstone of developed economies. Indeed, it is almost universally believed that college diplomas give Americans and Europeans a competitive advantage in the global knowledge wars.Challenging this conventional wisdom, The Glob...

Phillip Brown is Distinguished Research Professor in the School of Social Sciences at Cardiff University. Hugh Lauder is Professor of Education and Political Economy at the University of Bath. David Ashton is Honorary Professor at the Cardiff University School of Social Sciences and Emeritus Professor at Leicester University.

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Format:PaperbackDimensions:208 pages, 9.25 × 6.12 × 0.68 inPublished:July 15, 2012Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199926441

ISBN - 13:9780199926442

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Table of Contents

1. Introduction2. The Promise3. The Education Explosion4. The Quality Revolution5. Intellectual Arbitrage6. Digital Taylorism7. War for Talent8. High Skills, Low Wages9. The Rat Race10. A New OpportunityNotesReferencesIndex

Editorial Reviews

"Brown, Lauder, and Ashton's book is brilliantly argued and provides a wakeup call to global citizens everywhere. There is no substitute for the regulation of global capitalism in the interests of the many rather than the few, and this book slams the door on the last set of excuses formaintaining the current system - that somehow the educated will escape the race to the bottom." --Kevin Leicht, University of Iowa