Question

What is one advantage and one disadvantage of the global economy for American workers?

Answer 1

Advantage: Cheaper imported goods — global trade gives American workers access to lower-priced products, which raises real purchasing power and lowers the cost of living.

Disadvantage: Job displacement and wage pressure — companies can offshore or outsource work to lower-cost countries, which can eliminate U.S. jobs (especially in manufacturing) and put downward pressure on wages for affected workers.