Every hour of every day could be filled by the stories of a family’s breadwinner losing their job to cheap labor overseas when their greedy company decides to globalize. My perspective is driven by the effects of outsourcing will give the general public lower prices on goods, but will also destroy the U.S. economy in the long run. I do realize that globalization affects more than just Americans. When businesses move the majority of their jobs overseas, those countries experience a boom of economic growth and often bring them to the twenty-first century of technology. However, the U.S. economy doesn’t get affected as much as the loss of thousands of jobs would seem to cause. After researching a variety of perspectives on globalization, I find
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Before Nike, jobs were “10 to 14 hours a day in the burning sun or the intensive rain” (189). Those horrible conditions compared to an air conditioned factory with regular work hours are a major improvements for the county. The Nike Vietnamese workers also get paid 54 dollars a month, which is so high “that they are almost luring doctors and teachers away from their important jobs” (189). The Vietnamese people look to be making little money, but compared to farming, they are making extraordinary sums of money. Even people who get paid higher in Vietnamese society consider working in factories. With this extra money, parents can afford to take 2.2 million children out of the fields and into school (190). This will improve the country because these kids will be able to do more with their lives than being just another farmer. I can see the positives in this, but Norberg doesn 't address the American jobs lost and the negative effects to the U.S. economy, and these are the things that American want to know when it comes to …show more content…
Workers at large companies, like General Motors, are currently costing companies “$56 per hour…[while] in Mexico, a worker costs the company $7 per hour; in China, $4.50 an hour, and in India, $1 per hour” (Rattner). It is unrealistic to expect companies to stay in the U.S. with such inflated hourly rates. It is strongly supported by the decrease of factory jobs in America, and new jobs in that field are increasingly hard to find. Americans need to specialize in jobs that are competitive, and “our greatest strength lies in service with high intellectual content, like education, entertainment, digital media, and financial services”(Rattner). These jobs will always be wanted and can’t be done by a person overseas. Include the higher wages, and it seems like a reasonable solution. But factories bring many jobs, and America can’t keep up with countries like China that support their private sector. The U.S. government “should concentrate its capital on infrastructure and other public investments that the private sector won’t make”(Rattner). These projects generate jobs while making society better for living and eventually provide a more suitable place for businesses to thrive. Rattner’s logic
Before Nike, jobs were “10 to 14 hours a day in the burning sun or the intensive rain” (189). Those horrible conditions compared to an air conditioned factory with regular work hours are a major improvements for the county. The Nike Vietnamese workers also get paid 54 dollars a month, which is so high “that they are almost luring doctors and teachers away from their important jobs” (189). The Vietnamese people look to be making little money, but compared to farming, they are making extraordinary sums of money. Even people who get paid higher in Vietnamese society consider working in factories. With this extra money, parents can afford to take 2.2 million children out of the fields and into school (190). This will improve the country because these kids will be able to do more with their lives than being just another farmer. I can see the positives in this, but Norberg doesn 't address the American jobs lost and the negative effects to the U.S. economy, and these are the things that American want to know when it comes to …show more content…
Workers at large companies, like General Motors, are currently costing companies “$56 per hour…[while] in Mexico, a worker costs the company $7 per hour; in China, $4.50 an hour, and in India, $1 per hour” (Rattner). It is unrealistic to expect companies to stay in the U.S. with such inflated hourly rates. It is strongly supported by the decrease of factory jobs in America, and new jobs in that field are increasingly hard to find. Americans need to specialize in jobs that are competitive, and “our greatest strength lies in service with high intellectual content, like education, entertainment, digital media, and financial services”(Rattner). These jobs will always be wanted and can’t be done by a person overseas. Include the higher wages, and it seems like a reasonable solution. But factories bring many jobs, and America can’t keep up with countries like China that support their private sector. The U.S. government “should concentrate its capital on infrastructure and other public investments that the private sector won’t make”(Rattner). These projects generate jobs while making society better for living and eventually provide a more suitable place for businesses to thrive. Rattner’s logic