Without the crutch of illegal immigrants holding us back, our U.S. economy can prosper more than ever. Due to the current economic slowdown, labor demands had been reduced and has forced many out of work. Due to the large income of unskilled workers has allowed employers to give out low wages and actually allow there to be horrible working conditions. There seems to be a solution to this. By reducing low-skill immigration, we can strengthen the labor market and as well as increase wages along with them for the American people.
The protesters claim that globalization is bad for poor people in poor countries. A large body of evidence, however, suggests the opposite—though clearly globalization can result in unsettling experiences for many who live in the developing world. But it absolutely a good way for developing countries’ improving. (WEB Carol Graham) recent research with Nancy Birdsall and Stefano Pettinato suggests that globalization has brought substantial benefits and opportunities for upward mobility for many low-income individuals in the emerging economies. Yet these same opportunities entail new vulnerabilities and new risks for others.
Better job chances are very attractive for people. Although people are equipped about their career, they are not able to find a job in many countries and cities. Instability of economic status of people is crucial push factor that causes emigration. Moreover, people demand more money compare to past as cost of living standards increases. As a consequence of this, especially people who are well educated prefer migrating for better salaries.
Century reshape. Instead of simple lifestyle, human’s consumption tends to have more and more. It can be said that consumerism is not also today’s problem but also future’s problem because people consume everything which are necessary for future generation. Even though there are many bad effects of this problem, it should be said that consumer culture is necessarily a bad thing because of its harmful effect on environment, its encouragement to individualism,
One of the first negatives points that should not be ignored is its detrimental effects on the less developed countries’ economies. As large corporations invest or take over many off shore business, a modern form of colonization will also evolve which may pose certain power pressure on the government of developing countries. To be more specific, when powerful multinational firms invade markets with their goods, they often force local companies with fewer resources to go out of business. In consequence, domestic industries might be suffered adverse effects. Furthermore, although this is obvious that economic integration can provide employment for countries where factories are set up, it also means that small businesses have become more dependent on large groups, which in turn makes them more vulnerable to investors’ decisions.
Which means that education is the determinant of how much should a South African earn because of their skills, ability, knowledge in a job. Furthermore the people who are not able to read or write are being given opportunity to occupy dangerous occupations in an organization especially for those who manufacture products for the South African economy, where in deduction they pay low wages for poor people because this poverty function helps local firms to employ cheap labour on to the business world so that it will be easy for them to expand with light expanses or cost of labour. The subliminal connotation of this function is that the uneducated people have limited or imperfect alternative except to take unskilled, temporal, dead end
What sweatshop usually means is that the workers have to work with less skill-intensive, but tough and dangerous jobs, like coco beans cultivation and sewing under poor working environments, but they finally receive extremely low wage, just slightly above the poverty line of the poor countries. Most sweatshops are formed by the profit-oriented multinational firms which would like to maximize productivity as much as possible, so there many job opportunities for the labor in the poor countries. In short-term, that would fight poverty as there would still be income guaranteed for the poor workers. However, as the reality behind the sweatshops becomes notorious, sweatshop critics who fight against the existence of sweatshops stand out, forcing some FDIs to flow out of the poor countries. Take Nike as an example.
Jobs are often eliminated from established countries and are relocated to countries with cheaper labour costs and little to no labour regulations. Previously industrialized countries are beginning to run out of natural resources and outsource these productions to save or regrow their own supplies. This also results in the economy of already established countries to grow at a more rapid rate due to cheaper goods and services, while less established countries who put in the work do not see these benefits. Cheap labour costs are taken advantage of and result in unfair trade. With an increase in industrialized products the environment is also impacted heavily, whether by the pollution from the factories or the ecosystems that are eradicated for resources.
2. Income imbalances The income provided to the workers is not balanced as there is abundant availability of human resources in our country willing to work for cheaper wages. Unemployment gives rise to this situation where no matter how small the wages are people are willing to work for it. Hence there is a lack of stability in income provided, as the higher officials get more profit while the lower level workers are getting paid absolute minimum. This difference in the income received by people creates an economic instability.