Which of the following best describes the effect globalization has had on some American and Canadian workers?(1 point)

Question

Responses

Many are employed by foreign companies manufacturing in North America.
Many are employed by foreign companies manufacturing in North America.

Many have had to emigrate to follow jobs that were moved overseas.
Many have had to emigrate to follow jobs that were moved overseas.

Many must pay higher prices charged for imported goods.
Many must pay higher prices charged for imported goods.

Many have lost jobs because companies offshores their production.

Answer 1

The statement that best describes the effect globalization has had on some American and Canadian workers is:

Many have lost jobs because companies offshored their production.

This reflects a common consequence of globalization, where companies seek to reduce costs by relocating production to countries with lower labor costs, resulting in job losses in the home country.