Problems in Globalization: Jobs Loss and Transfer to Lower Cost Countries
Words: 316 Pages: 1 5783One of the prevalent problems in globalization is that jobs are lost and then transferred to lower cost countries. China drained away 3.2 million jobs, including 2.4 manufacturing jobs. Workers in some developed countries face pay-cut orders from their employers, who threaten to export jobs. This has instilled fear in many middle-class workers in these developed countries who have little power in jobs around the world. International corporations are accused of social injustice, as well as lack of concern for […]