Google "Disciplines on Domestic Regulation" Don't fall for the BS about them not coming to agreement in Buenos Aires, its a trick to make people think they are far from an agreement.
No worries... Somebody has to repair the gadgets.
But many gadgets being repaired does not equal prosperity. Sustainability, not quite either
What it does mean is that those who opted to forgo their education are going to have a problem finding a job. Those with STEM degrees will always be in demand.
Assuming they have not been priced out of the economy you mean? The big push to digital commerce will create cross border digital engineering for the bulk of the small engineering jobs. The ones involving government spending will get internationally tendered and go to the lowest bidder firms. Which will also get a right to do business elsewhere, paying their workers less, wages which may eventually fall to almost nothing. What's left?
Looking at the Global Value Chains ideology, each country specializes in what its best at producing for the lowest possible cost. What does America produce the best of Lawyers? media? (debatable but they would probably argue that) Aerospace? Each thing is pieced out all around the world. To compete people have to offer the best for the least. Instead of merely a 270 million pool of potential competitors for a job, or a slot in a college, eventually people may have seven billion.
This is making Americans realize that we have been dropping the ball. We're an expensive country to live in, the most expensive, because of things like health care, but most of us are not going to be able to afford to live here the way things are going. Who will? People with more education. Not just two or four year degrees in social sciences. But these are alleged to be "choices" but they have been hidden from everybody in the country and there also is a widespread agreement among all Americans that our current leadership are corrupt and in cahoots with one another to steal the country blind.
Thats just one of many things the country all agrees upon. (another fact that the media hides from us!)
Frantically, they are trying to lock in their ill gotten gains and these bad bad deals but the trade agreements they are pushing behind the scenes are not done deals yet, also they are largely illegitimate and should be challenged because they are/have been the products of a huge fraud. We dont owe anybody a debt because of the fraud of a few crooks. If they owe anybody its a debt its their own personal responsibility to those they defrauded. (But the developing countries in fact were in on the fraud, they weren't deceived as they claim) We don't owe them millions of low paying jobs.
Instead we should figure out a better way for their best people to work here one which lets them keep their own wages and make long term professional relationships on a basis of equal rights with their counterparts here.. Not work 60-70 hour weeks making other people rich.
Even technical degrees will be worthwhile.
MBAs will still have jobs, somebody has to dream up the next workplace upgrade. Chemical engineers, in fact all kinds of engineers, will still be in demand. Civil Engineers, Structural Engineers, Electrical Engineers and Architects will always have jobs (based primarily on licensing requirements).
See the WTO WPDR's work. They aim to employ the Third World so the lions share of the profit is skimmed off for multinationals. Everybody will lose except for them.
For the moment, truck drivers and package delivery personnel will have jobs. Drones may take over some of the end point deliveries. We'll have to see.
I don't see it as gloom and doom. I'm long retired so I don't really have any skin in the game.
Sure you do, if we have a nation full of people whose careers have been interrupted, you will suffer too, we all will. For example, the Social Security system will be destroyed by a shift to temporary "service providers" because they will demand that they either be exempted from it or the system be privatized so they can take their taxes from their earnings and move them elsewhere. This is a proposal which is likely to succeed if people dont know about it. It strips the protections from GATS from SS, because of the way Article 1:3 of the GATS is worded. See
https://www.citizen.org/documents/GATS-financial-dereg.pdf and see "WTO | Services: Annex on Financial Services" Also see the Indian proposals re: Social Security benefits portability keeping in mind what Pat Arnold said.. Also that GATS already caused the 2008 crash (by being the reason they repealed Glass-Steagall in 1999 See US WTO GATS Schedule of Specific Committments SC03 last page, Page 31 top submitted February 26, 1998 )
Remember foreign service providers
intentionally lack wage parity. The average wage for an engineer in India? The official "least developed countries"? (the ones that get a special waiver allowing them to bid a bit higher and still get the work) I don't know, look it up. Its probably a fraction of what it is in Australia or the US. Another thing, contracts involving government spending will likely hit new procurement rules soon, if they have not already. So large scale privatizations of government and quasi government (schools, hospitals, labs, etc) entities (federal, state, local down to the municipal level) (of their non-elected positions, the jobs that employ a lot of people, things like office jobs)
Look at how low wages are elsewhere compared to in developed countries. That's what the baseline is. Subcontractors are not paid by the company that physically they work AT, they are payed by the body shop firm, they are payed by their employer at home. Officially they will still be employed at home, not here. That means wages in fields that make heavy use of Mode Four workers will be impacted via supply & demand. "Average" wages for jobs where this becomes the norm will be forced lower. Because of the influence of people working below current minimum wages. When we add the influence of computers which cost less and less, we have a situation thats been tailor made to lower wages. This has been planned for more than 20 years. Its why so many fields have been held in a state of limbo for decades. The global economy will crash if large scale Mode Four happens to professional jobs of all kinds. But, that is what many seem to want. A race to the bottom. They are making a preemptive strike because they don' t want wages elsewhere to rise, nor do they want industrial or safety or chemical standards to rise, nor do they want health care or higher education to become more affordable or remain affordable to poor people in places where they are still affordable now, any of those things would cause problems for them because of what they have already done. They are afraid they would have to clean up the messes they have already created. They dont want any of the things they claim they want, its all a big scam.
They are not up to any good in Geneva or Buenos Aires!
See
https://www.eff.org/files/2016/03/15/brussels_declaration.pdf