Economists have underestimated extent to which globalization and automation really change the nature of labor demands, says imean li-Toon. He argues that there are three sets of powerful explanations for why jobs aren't being created. The first is trade with low wage countries, has helped firms, but at the same time destroyed or prevented the creation of jobs during a different era., he adds. O its important an receptual discusson,. one of the reason thatis important is to understand why good jobs aren’t being created," said Li-Tron.