Natural rate of unemployment in the long-run


Write an essay on the following research topic:

Since the 1980s, globalization has taken the world by storm: analyze how globalization affects the idea that education might be a requirement for technological advances to lead us to growth without raising the natural rate of unemployment in the long-run. In your opinion, does globalization improved the job prospects of the US educated workforce or does it threaten them?

Reference:

Longenecker, J.; Petty, J.; Palich, L.; Hoy, F. Small Business Management: Launching and Growing Entrepreneurial Ventures, 16th Edition, Cengage.

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