Globalization Has Destroyed the Middle Class - 907 Words

â€Å"Without warning, they left us broke, sealed out, and jobless† (Edwards). These are the words from Gregg Davis, a former Oshawa workman, after he received notice his job was being relocated to Nashville, Tennessee. Gregg Davis worked for IQT Solutions, a call-center company based in Oshawa, Ontario. Along with 600 other people, Gregg Davis was left jobless after his job was outsourced to Nashville, Tennessee in a desperate attempt to save the company money. Today, thousands of American workers are also waking up to the stunning situation of unemployment as the result of their jobs being outsourced to foreign countries. This outsourcing phenomenon has been fueled by the recent trends in globalization, with the hope to cut cost and†¦show more content†¦Unlike previous years of solely trading goods, the WTO allowed for trade to consist of property and services among different countries. Countries could now be globalized in all goods their country didn’t have through the use of free trade. The process of trading was revolutionized by new developments in technology as more and more countries began to trade. Technology has made the world a smaller place. Recent innovations in jets, satellites, and computers have made communication across the globe faster. People are now able to travel to any destination they want in less than a day, so why can’t businesses travel as well? Globalization intends to answer that question. New technology has increased worldwide trade and investment by allowing more companies to trade at a faster rate. Thomas Friedman considers globalization to be â€Å"farther, faster, cheaper, and deeper than ever before† (9). Multinational corporations that have entered globalization can now trade their business wherever labor is the cheapest. With the addition of China into the globalization world, the world supply of labor far exceeds the demand. With several billion new workers in the global supply of labor, companies may shop for labor and relocate to wherever it is the cheapest. Laborers in foreign countries are willing do the same work that a high paid employee would do for less. If American corporations are to compete in the new global economy, they will have toShow MoreRelatedGlobalization Has Destroyed the Middle Class Essay2251 Words   |  10 Pagesintertwined. The world has become from a place that each country and their peoples are separate and isolated to a place that each country and their peoples are part of a global network. Thanks to globalization this is occurring. Globalization is the ‘international integration† or ‘de-bordering’ – â€Å"a number of highly disparate observations whose regular common denominator is the determination of a profound transformation of the traditional nation-state† (Von Bogdandy 2). Globalization is connecting differentRead MoreAmerica s Worst Economic Period1255 Words   |  6 Pagesrampantly. They b ecame concentrated in areas of the world with turmoil, such as the Middle East and West Asia. Some even formed in a similar way as Al-Qaeda: due to the United States government. The most notable example has been the Islamic States of Iraq and Syria, aka ISIS. The 2003 American invasion and occupation of Iraq created the pre-conditions for radical Sunni groups, like ISIS, to take root. America destroyed Saddam Hussein’s secular state machinery and replaced it with a predominantly ShiiteRead MoreCities in US History: 20th century We all come across with the term globalization. The developing1300 Words   |  6 PagesCities in US History: 20th century We all come across with the term globalization. The developing countries have battled with increased globalization. But be careful, the effects of globalization are very complex as well as far-reaching. No doubt there are certainly some positive effects, but one cannot overlook the negative consequences of globalization over the area like cultures in the widespread developing world. Globalization is a nothing but the concept that symbolize the contested visionsRead MoreThe World Is Flat- the Globalization World in the Twenty First Century- Book Review1672 Words   |  7 PagesFlat- the Globalization World in the Twenty First Century Author: Thomas L. Friedman Introduction ‘The World Is Flat- the Globalization World in the Twenty First Century’ is a well written book by Thomas L. Friedman based on his personal experience, case studies, and etc. He explores the political and technological changes that have made the world a smaller place. From the explosion of the internet to the dot com bubble bust and outsourcing of jobs to India and China, globalization has evened theRead More Internet - Challenges of B2B and B2C E-commerce Essay1291 Words   |  6 Pagesgoods or services between companies and/or end consumers† (Hemond-Wilson). The most common image of e-commerce â€Å"is that of a web-based catalogue from which buyers can order products and the sellers can receive payment† (Hemond-Wilson). E-commerce has two main forms, which are business-to-business, and business to consumer. B2B e-commerce â€Å"is business which is conducted between businesses via some electronic means† and B2C e-commerce â€Å"is the exchange of money for goods or services between a companyRead MoreMoney Makes The World Go Round1675 Words   |  7 Pagesin America has been money. â€Å"Money makes the world go round† o r I should I say Money makes America go round. Prior to the World Wars, our economy was domestically run irrespective of what happened abroad. After War World II America sought to open their markets and reduce trade barriers with foreign nations. This gave the start to a world economic system, which turned trade into a major part of America’s economy. In the 1990s a world wide capitalist revolution fueled an era of globalization, becomingRead MoreAdvantages of Globalization616 Words   |  2 PagesGlobalization has had and continues to have a strong impact on the social order as people need to adapt to constant change. Borders are no longer what they used to be and the contemporary society is filled with people from diverse backgrounds interacting with each-other and sharing their cultural values. Even with the fact that it has had some side effects as some groups were unable to join the rest of the world in experiencing progress as a whole, globalization has generally had a positive effectRead MoreThe North American Free Trade Agreement920 Words   |  4 PagesThe North American Free Trade Agreement (NATFA) shoved the American worker down a flight of stairs in the name of Globalization NAFTA or a bill similar had been floating around Washington since 1979 a year before Reagan took office. NAFTA truly went no where for over a decade. The â€Å"North American Accord† was first proposed by the Reagan and the GOP were always in favor of passage but, it was the Progressive wing, along with many other pro-union members in the Democratic party who held NAFTA atRead MoreImpact Of Technology On The Environment1277 Words   |  6 Pagesand â€Å"Class, Consumption, and the Environment.† (Meyer). Both articles discuss the environment costs of technological innovation. Bradbury and company argue (with State Planning Commission evidence) that because of Mao Zedong’s â€Å"Great Leap Forward† â€Å"some twenty percent of farmland in China is contaminated in some way.† Innovation in China has caused pollutants such as â€Å"oils, greases, alkalies, dyes, and heavy metals† being discharged into the aquatic environment , which at the very least has led toRead MoreThe Caravans Of Gold And The King And City1265 Words   |  6 PagesIn the two documentaries that we watched in class â€Å"the Caravans of Gold† and the â€Å"King and City†, I could appreciated the different that they had between political, economic and the traditions and the cultural organizations. The first empire in West Africa was the empire of Ghana. West Africa has an economic base in gold, 600 years ago. That means that West Africa had a deposit of gold that had brought great wealth to the surrounding people from which great empires emerged. The gold was trade and