Question

Mention any one impact of globalisation to workers.

Answer 1

Answer:

Economic globalisation may affect job earnings in two ways. First, by increasing the overall efficiency of the economy, i.e. its productivity, it causes an increase in real incomes that may be shared with job earnings.

Answer 2

Answer:

Globalization is clearly contributing to increased integration of labor markets and closing the wage gap between workers in advanced and developing economies, especially through the spread of technology. ... Policymakers must instead focus on what can be done to help workers adjust to a changing world.