Which statement best compares how globalization has impacted manufacturing workers in the U.S and china
1 answer
Globalization has had a differential impact on manufacturing workers in the U.S and China. In the U.S, globalization has led to job loss and wage stagnation for many manufacturing workers as production has been moved to countries with lower labor costs. In China, globalization has led to a rapid expansion of the manufacturing sector and has significantly increased employment opportunities and wages for many workers. Overall, while globalization has had negative consequences for manufacturing workers in the U.S, it has had a more positive impact on manufacturing workers in China.