Trade reform has also been linked to increased income disparity as skilled workers have captured more benefits from globalization than their unskilled counterparts.
Sentiment: NEGATIVE
Globalization has redefined the competition for employment and incomes in the United States. Tradeoffs will have to be made between the two.
In our high-tech, high-skilled economy where low-skilled work is being scaled back, phased out, exported, or severely under-compensated, all the right behavior in the world won't create better jobs with more pay.
I think there is an enormous sea change happening in the global workforce. It has a lot to do with globalization. I think that people used to have a hope for a career or meaningful employment, and its been reduced to internships, part-time work or just grossly underpaid work.
Trade has played a vital role in the social evolution of humankind. It allowed people to specialise, which raises both skill levels and efficiency. It brought people from different lands together, co-operating rather than competing over resources.
Globalization and free trade do spur economic growth, and they lead to lower prices on many goods.
Trade can really be good for American workers and American businesses.
All the evidence shows very clearly that if you are a member of a trade union you are likely to get better pay, more equal pay, better health and safety, more chance to get training, more chance to have conditions of work that help if you have caring responsibilities... the list goes on!
The stark reality facing us today is that without the labour reforms, workers will get neither the income nor jobs in the face of cut-throat global economic competition.
Most high-income people in our country do not realize that their incomes are being subsidized by their protection from competition from highly skilled people who are prevented from immigrating to the United States. But we need such skills in order to staff our productive economy, so that the standard of living for Americans as a whole can grow.
The Industrial Revolution caused a centuries-long shift in power to the West; globalization is now shifting the balance again.
No opposing quotes found.