explain the impact of globalisation and mncs on workers
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Globalisation and MNC's had affected the life of workers in a negaative way:-Due to globalisation , small workers business get shut down because they are not able to produce at low rates like MNC's.MNC's give employment to workers but not on regular basis.MNC"s use workers and give them very low wages and take higher amount of work from them in a single day.Globalisation had affected their lifestlye because sometimes their small slums get destroyed due to the setting up of MNCs
this is for small producers
The impact of globalisation on workers and small producers in India is as follows:
(i) Small-scale producers have been adversely affected by globalisation because they are not able to compete with MNCs or other big producers.
(ii) These small-scale producers could not keep their cost of production low and hence, they lost their markets.
(iii) Globalisation and the pressure of competition significantly impacted the lives of workers in India. The producers could not sell their commodities at competitive prices and had to lessen production.
(iv) Since the quality and cost of raw materials could not be diminished, exporters tried to lessen their expenditure on labour. Many workers lost their jobs due to this.
(v) Workers were only employed on a temporary basis as opposed to employing them permanently. They were also paid low wages and had to work for long hours on a regular basis without getting any employment benefits.
this is for small producers
The impact of globalisation on workers and small producers in India is as follows:
(i) Small-scale producers have been adversely affected by globalisation because they are not able to compete with MNCs or other big producers.
(ii) These small-scale producers could not keep their cost of production low and hence, they lost their markets.
(iii) Globalisation and the pressure of competition significantly impacted the lives of workers in India. The producers could not sell their commodities at competitive prices and had to lessen production.
(iv) Since the quality and cost of raw materials could not be diminished, exporters tried to lessen their expenditure on labour. Many workers lost their jobs due to this.
(v) Workers were only employed on a temporary basis as opposed to employing them permanently. They were also paid low wages and had to work for long hours on a regular basis without getting any employment benefits.
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The impact of globalization and MNCs on workers given below:
Explanation:
- Globalization term is used to describe the interaction and growing competition between the nation and people from worldwide.
- Globalization has created a situation around the world where people are eager to earn profits.
- To earn profits, companies are pressuring workers to work in low wages.
- Many of the private companies hiring employees on a temporary basis rather making them as permanent.
- Many of the MNCs companies provide no medical facilities, etc.
- Companies are generating earnings in a large quantity, but hesitate in giving it to workers.
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Explain the impacts of globalisation and MNCs on workers ?
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