Question

Explain the impact of globalization and MNC on workers

Answer 1

The impact of globalization on workers and small producer due to MNCs are as follows:
1)Small scale producers have been very much hit hard because they were not able to compete with MNCs,
2)These small scale producers could not keep up their cost of production low and hence they lost their markets,
3)Globalization and the pressure of competition significantly impacted the lives of the workers in India.The producers could not sell their commodities at competitive prices and had to lessen its production,
4)Since the quality and cost of raw materials could not be diminished,exporters tried to lessen their expenditure on labour. Manyworker lost their jobs due to this,
 5)Workers were only employed on 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.

I HOPE THIS ANSWER WILL HELP U!!!!!!!!
CHEERS!!!!!!