Globalization: Beat Unemployment And Jobs Outsourcing


Posted April 21, 2017 by jcncunsi

Continents and countries are getting closer with technologies and science.

 
Continents and countries are getting closer with technologies and science. With airplanes, Internet, phones and computing, the distances between countries have been shortened and communications have become more immediate and interactive.

As such, companies can have different parts of their plants operating from different locations, without sacrificing the quality of the products and the delivery time.

Riding on low exchange rates of these countries, companies can be certain of bigger profit margins since they will have lower costs.

This is the effect of globalisation.

It's happening everywhere.

Many factories are being set up in the developing and undeveloped countries. Call centres of almost all the big organisations are now in India and China. Even the glamorous Hollywood has also outsourced some of their creative process to India.

The impact?

Many have lost their jobs.

And these jobs are likely never to return.

Outcome? More protests and strikes against globalisation.

But those who are most affected are these workers who have lost their jobs and their families.

They have to worry about paying electricity bills especially during winter, paying rents, food, and their bleak future. Their children may have to stop going to schools and they will have no presents for Christmas and birthdays. The families may have to starve.

The worst that could happen is having no money to pay medical bills.

These workers are likely to encounter difficulties in finding jobs, partly due to their ages (they are likely to be in the middle-age or fifties). And most organisations are not giving these workers chances of employments.

The reason behind is that they can employ younger workers with lower salaries, yet they can work and learn faster, thus increasing productivity.

But the effect of globalisation has spread to recent graduates. Many young graduates are finding it hard to find jobs that pay a reasonable high salary.
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Issued By IT Outsourcing Toronto
Country United States
Categories Business
Last Updated April 21, 2017