[intended]

Oh come now - globalizations was great at the regional level.

It was not that great for sub groups within developed nations.

The original thesis believed that people would be retrained into other equally well paying roles.

Turns out people can’t retrain into new domains, and led to under employment.

[esafak]

Why not, because they're too old to learn, or because the support infrastructure is not there? I believe most people are capable of continued learning, but they might need help (financial etc.) to make the transition.

[intended]

Even with support infrastructure/money it didn’t work.

You aren’t going to transition into the same level of experience in a new industry.

If it’s jumping into tech/code, for example; even with the best resources, it’s a slog to get back to similar levels of renumeration.

Add in the fact that you have obligations, bills and dependents?

Theres never going to be enough money to keep people afloat while they change domains mid-life.

Check out the programs to retrain miners. Aside from fraud, there were also unrealistic promises.

However, leaving aside leakages - there weren’t that many entry level jobs for code in those regions in the first place.

The cultural differences (trades, physical labour vs code, abstract problems, sedentary work) were sizable barriers to success.