Which of the following best explains how current globalization trends have affected labor markets?(1 point)

Question

Responses

Globalization has created new jobs as the demand for call center workers increased in Vietnam.
Globalization has created new jobs as the demand for call center workers increased in Vietnam.

As manufacturing moved from the West to the East, the demand for labor in production in the East increased.
As manufacturing moved from the West to the East, the demand for labor in production in the East increased.

As manufacturing moved, China has increased its supply of labor to the production of raw materials.
As manufacturing moved, China has increased its supply of labor to the production of raw materials.

Globalization has caused an increase in the supply of labor to manufacturing jobs in the U.S.

Answer 1

The statement that best explains how current globalization trends have affected labor markets is:

As manufacturing moved from the West to the East, the demand for labor in production in the East increased.

This response accurately reflects the significant impact of globalization on labor markets, particularly the shift of manufacturing jobs to countries in the East, such as China and Vietnam, where labor costs are generally lower. This movement has led to increased demand for labor in those regions while often resulting in labor market shifts or job losses in Western countries.