How has globalization affected our work today
Answers
Answer:
Earnings Changes for Workers As more companies have access to overseas companies that offer outsourcing, wages have changed for many workers. With lower standards of living, third world companies can offer their services at a rate greatly reduced from those in countries with higher standards of living
Answer:
Globalization and Changes in Wages
When companies expand overseas to countries with a lower standard of living, they gain access to products and services at a much lower cost. Because of this, an increasing number of companies outsource. Although good for businesses, this can result in lower wages for workers.
As companies reach across country borders and globalization of the workplace becomes the new norm, businesses must continually adapt to changes. Professionals must learn to communicate differently. Business processes are continually adjusted to accommodate the growing number of different cultures and nationalities that organizations work with. Companies who are evolving with this shift have a competitive advantage over those who don’t.