explain the impact of globalisation and mncs on workers.
Answers
◆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
Answer:
MNCs and globalisation have the following negative effects on workers' lives: Small businesses are forced to close due to globalisation since they cannot produce at the same levels as MNCs. MNCs provide employment to workers, but not consistently.
Explanation:
MNCs and globalisation have the following negative effects on workers' lives: Small businesses are forced to close due to globalisation since they cannot produce at the same levels as MNCs. MNCs provide employment to workers, but not consistently.
The decreased pay paid to labourers are another drawback of globalisation. Exporters aim to reduce labour costs in order to compete on the global market, and employees are denied their full share of benefits since manufacturers are constantly looking for cheaper labour.
The expansion of technology is particularly important in bridging the pay gap between employees in developed and emerging nations and increasing labour market integration. It also has an impact.
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