What's Hollowing out Mean?
Hollowing out Is the Deterioration of a Country's Manufacturing Sector When Producers Opt for Low-Cost Facilities Overseas. Some Economists Argue That the...
Hollowing out is the deterioration of a country's manufacturing sector when producers opt for low-cost facilities overseas. Some economists argue that the economies of Japan, the United States, and other more developed nations are being hollowed out, posing a threat to full employment.
What is the meaning of hollowing out?
1 : to remove the inside of (something) : to make an empty space in (something) The kids were hollowing out pumpkins. a hollowed-out log. 2 : to form (something) by digging or cutting the inside of something Workers hollowed out a tunnel through the mountain.
What is hollowing out of work?
'Hollowing-out' or 'job polarisation' is the process by which the shares of total employment in high-ranked and low-ranked jobs have expanded relative to middle-ranked jobs over time, where jobs are ranked by their initial wage.
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