Final answer:
The globalization of human capital is predicted to impact the world's labor market by redistributing job opportunities and concentrating highly skilled workers in certain industries. Winners are likely to be high-skilled workers with specialized knowledge and skills, while losers could be lower-skilled workers facing increased competition and displacement.
Step-by-step explanation:
Globalization of human capital refers to the increasing movement of skilled workers across borders due to factors such as technological advancements and increased international trade.
This trend is predicted to impact the world's labor market in several ways. First, it can lead to a redistribution of job opportunities, as high-skilled workers from developed countries may move to developing countries where their skills are in demand. This can result in increased competition for jobs among lower-skilled workers in both developed and developing countries.
Furthermore, the globalization of human capital can lead to the concentration of highly skilled workers in certain industries or sectors, such as technology and finance, while other industries may struggle to attract and retain talent.
In terms of winners and losers, high-skilled workers who possess specialized knowledge and skills that are in demand globally are likely to be the big winners. They may have more access to job opportunities, higher salaries, and better working conditions. On the other hand, lower-skilled workers who face increased competition and may be displaced by automation or outsourcing could be the big losers.