Research it once was as large corporations are

Research Question: What is the
relation between the rise in job loss in America and active globalization
around the world?

Globalization may be regarded as
beneficial from an economic and business point of view, however job loss in
America continues be on the rise. Manufacturing output in the United States is
no longer growing as rapidly as it once was as large corporations are simply
beginning to replace workers in factories with technology capable of performing
the same task at much more cost efficient rate. With Globalization continuing
to take action in the world today, the use of technology in the workplace
continues to be at an all time high, forcing those working for these companies
to find a new job where they will be able to utilize their skills.

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Globalization continues to thrive in a world that is soon to become dependent
on technology; it promotes global economic growth, creates jobs, encourages
companies to be more competitive, and lowers prices for consumers. But what
about the economy? Many companies choose to outsource their manufacturing
facilities to developing countries such as China, where wages and the cost of
manufacturing goods are lower. Throughout the following decade or so,
organizations must start to comprehend the interrelated forces of socio
economics, innovation, and supportability that not only affect each other but
are as well the key drivers of globalization in the world today.

 

 

Globalization, Job Loss, and Stagnant Wages: The Evidence Is
Changing

Alden, E. (2012, August 29).

Globalization, Job Loss, and Stagnant Wages: The Evidence Is Changing.

Retrieved January 01, 2018, from

https://www.cfr.org/blog/globalization-job-loss-and-stagnant-wages-evidence-changing

For
decades, economists opposed to the idea that globalization played a large role
in work in the stagnation of white-collar class salaries in the United States.

The impact of Globalization on occupations and pay, which was limited through
the 1990’s, is now advancing onto further resources. Globalization has brought
better and less expensive consumer products, opened and created new fare
markets in the industry, lifted up numerous poor nations and fortified American
partnerships around the globe. However currently, the manufacturing output in
the United States is not developing as quickly as it used to. As innovation
advances, so does the technology Additionally, many American companies are
losing their competition to the companies based in China. Companies decide to
outsource as it is cheaper for workers to manufacture products in China. What’s
more, is that these technological the impacts developed over a short period of
time. In 1991, only 2.9 percent of United States producing imports originated
from low-wage nations; by 2007, that had ascended to about 12 percent, for the
most part from China. With the quick development of white collar classes
abroad, exchange ought to be an open door for the United States to offer into
developing markets, expanding openings and wages for some Americans here at
home.

Source Information

I
found this to be a reliable source as it is written by the Council of Foreign
Relations and the information is relevant. The author and date are both listed
and the writing style is clear and concise. The information is well written and
the website itself is very well designed.

 

The Pros And Cons Of Globalization

Collins, M. (2015, December 18). The
Pros And Cons Of Globalization. Retrieved January 09, 2018, from

 https://www.mbtmag.com/article/2010/11/pros-and-cons-globalization

Through
Globalization, people around the world are constantly being connected to each
other regularly by gathering and distributing information on a daily basis,
cash flow being more quick and efficient than ever, goods and services being
produced in one part of the world are increasingly becoming available in most
parts of the world, and international travel is more frequent.. However, in the
administration enterprises occupations such as, developers, editors,
researchers, bookkeepers and restorative specialists have lost their
employments because of outsourcing in more affordable areas such as India,
China, and Beijing. Outsourcing has made a culture of employment uncertainty
for Americans. Outsourcing has prompted a decrease in compensation in those
countries and subsequently has been bringing down their quality of life. In the
long haul, this implies less generously compensated employments; it brings down
worker efficiency and job motivation. This creates an environment of an
increase in declining compensation, declining expectations for everyday
comforts and low monetary development. Globalization is a major aspect in the
ever-changing workforce today and continues to influence major aspects of the
economy today.

Source Information

I found that this source was credible as we learnt about
outsourcing in class and how production and manufacturing in countries such as India, China, and Beijing is less expensive than in
countries such as Canada as the minimum wage is different and the cost of
production is much cheaper when outsourcing in other countries.

 

 

Globalization and the health of Canadians: ‘Having a job is
the most important thing’

Labonté, R. (2015, May 12).

Globalization and the health of Canadians: ‘Having a job is the most important
thing.’ Retrieved January 07 from

https://globalizationandhealth.biomedcentral.com/articles/10.1186/s12992-015-0104-1

BioMed
Central examined how contemporary globalization was influencing the wellbeing
and mental health of Canadians, they conducted and organized separate meetings
with 147 families living in low-income neighborhoods in Canada’s three vast
urban communities; Montreal, Toronto, and Vancouver. The work in labor markets,
investments and affordability in housing markets, and social spending and tax
assessment. Subsequent to leading the meetings, BioMed discovered that families
encountered a disintegration of work markets ascribed to outsourcing.

Segregation in business experienced by new foreigners expanded causing abnormal
amounts of pressure and poor psychological wellness. New outsiders additionally
noticed the low quality lodging and living conditions they encountered and work
frailty was the best stress for respondents and their families. BioMed
concluded the outcome that present patterns in work in labor markets, putting and
reasonableness in lodging markets, and social spending and tax collection in
Canada are probably going to exacerbate the strength of families like the
individuals who took part in their examination.

Source Information

I found that this source was credible as the information was
clear and relevant and it had added a new factor to consider for my research
question, for example it spoke about how it is to find a job as an immigrant
and the effects this has on their mental health. It also showed the relation between
mental health and job insecurity. 

 

 

Developing a Global Mindset: Integrating Demographics,
Sustainability, Technology, and Globalization

Aggarwal, R. (2011, June 21).

Developing a Global Mindset: Integrating Demographics, Sustainability,
Technology, and Globalization. Retrieved January 04, 2018, from

http://www.tandfonline.com/doi/full/10.1080/08975930.2011.585920?scroll=top=true

Throughout
the decade, organizations must face and manage various powers such as socio
economics, innovation, and maintainability that affect each different as well
as are the central drivers of globalization. Buyers in created nations, have a
higher propensity to need bring down carbon impressions and more prominent
manageability for the products and ventures they purchase. The pattern toward
expanding globalization is bolstered by financial rule that show globalization
makes new riches. Globalization enables nations to exchange and along these
lines practice and concentrate on what they specialize in and generally
proficiently. Innovation is changing the way organizations work together and
the idea of the items and administrations individuals devour. The use of
technology encourages companies to keep advancing in the workforce and provide
new innovative ideas to succeed. The use of technology provides growth and
sustainability in companies, and is much more cost efficient. An example would
be the self-checkouts at stores such as Walmart. It is much more cost efficient
for a machine to work as a register than Walmart having to pay an employee
minimum wage to do the same job.

Source Information

I
found that this source was credible as is explains the environmental as well as
the technological factors in an organization. It explains how consumers will
pay more for an eco friendly product as well as how jobs are being replaced by
technology.

A Look at Labor Standards
and Neglected Human Rights Issues

McGee,
R., & Yoon, Y. (2016, October 31). A Look at Labor Standards and Neglected
Human Rights Issues. Retrieved January 01, 2018, from

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2861247

This article talks about different
gatherings have been requesting that dialogs of work principles be incorporated
into all future exchange transactions. It is believed that consolidating rules
into any new exchange understandings will help accomplish this objective.

Specialists likewise remain to endure if their occupations are put in danger as
the consequence of the burden of a work standard. A standout amongst the most
unmistakable assaults on the utilization of youngster work was propelled
against Kathie Lee Gifford, a TV character who additionally advertised a line
of garments that as far as anyone knows was made with sweatshop tyke work.

Unions endeavored to boycott the importation of merchandise made in her plants
until the point that they nullified kid work. A comparable story to this was
the Nike production line, the youngsters making these shoes were as far as
anyone knows paid even not exactly the 31 pennies 60 minutes. Yet, when Nike
brought up that the laborers making their shoes were paid five fold the amount
of as different specialists in comparable production lines, the discussion
faded away.. As opposed to abusing laborers, Nike asserted to do the
specialists a major support by paying them above market rates

Source Information

I found that this source was credible as it explained the
exploitation of child labour and touched on the relevant article about how Nike
impacted the child labour market with how much they were paying their workers. This
article also explains the controversy with child labour and how many people
want to put an end to it. Many want to create a new trade agreement to control
it. The information of the source was credible as I learned about the Nike
topic in previous classes.

Weathering the storms of technology sector job loss:
Well-being barriers, buffers, and beacons

Synard, J. (2016, October 05).

Weathering the storms of technology sector job loss: Well-being barriers,
buffers, and beacons. Retrieved January 04, 2018, from

https://www.sciencedirect.com/science/article/pii/S000187911730129X

In
a word that is constantly changing through new advances, outsourcing, and
globalization, the experience of occupation misfortune has turned out to be
progressively normal. Before the end of 2015, more than 197 million people were
jobless. The three fundamental subjects were member stories around why they
lost their activity and keep on being jobless – both inside and outside
attributions, factors that influence the experience of joblessness, and their
adapting methodologies. Also, work misfortune can course into different
misfortunes, for example, budgetary, connections, personality/confidence, and
even one’s feeling of significance and reason. More negative profession effects
can incorporate re-work in poorer quality, bring down paying employments,
expanded powerlessness to future occupation misfortune, and leaving the
workforce rashly. The normal span of joblessness for every time of occupation
misfortune arrived at the midpoint of 6.3 months, and extended from 0 to 13
months. Financial and socio-political factors related negative prosperity with
less created economies, unequal wage circulation, manufacturing plant closings
prompting mass cutbacks, and hands on occupations, and additionally saw
separation because of movement or wellbeing status.

Source Information

I found that this source was credible as it explains what many
people go through when they experience job loss. It explains many factors that
affect unemployment and underemployment as well as how individuals cope with
it.

After
conducting this research project the conclusion that seems to persist is that the relation
between the rise in job loss in America, and active globalization around the
world, is technology. As technology continues to rise, so does job loss.

Companies are replacing their workers with technology capable of performing the
same job but much more effective and cost efficient. The truth is, companies
rather pay a one-time fee or any repairs for a machine to do a job, rather than
continually paying the same workers who are moving much slower compared to a
machine. Globalization is moving fast and is happening, factories around the
world are replacing their workers with machines and even stores such as
Wal-Mart are starting to use self-checkout machines. As globalization occurs,
more countries will begin to have access to technology and will become capable
of replacing their workers with it. This creates job loss and more importantly
underemployment, as not only are people getting replaced by machines but
eventually, there will not even be enough jobs for people to do. Globalization
has also given first world countries the ability to outsource. The cost of
manufacturing in Canada for example is much more expensive than it would be in
a third world country. Due to the fact that the minimum wage is so different,
companies would rather pay less in countries such as India, China, and Beijing
where the cost of production is low and companies can get away with paying 31
cents and hour. In Canada the minimum wage is $11.40 an hour and continues to
rise which means factories in Canada must pay their workers at least minimum
wage which is way more than how much it would cost outsourcing in other
countries.  Globalization might sound
like a great idea from an economic point of view, but as it continues to rise,
it may cause job loss if technology continues to rise with it.

 

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