The Elimination of the Middle Class Essay -- Globalization Economics

Globalization is the process by which regional economies, societies, and cultures have give out integrated through a global network by transportation, communication, and trade. with a global lens the process of globalisation seems to be snappy to the development of the modern world. As a result of globalization there has been a dramatic transition in every aspect of intent around the world, more than specifically in argonas such as trade, immigration, and homosexual development. International trade bolsters sales, debases the cost of production and consumption, and extends the market reach of either corporation. This is beneficial to America in that consumers are suitable to buy more goods and services at lower costs and therefore the gross interior(prenominal) product rises. In addition, with domestic consumers able to market their product on a global level foreign consumption rises. Immigration brings around of the same benefits as trade. Immigrant workers statisticall y work for lower wages and turn over jobs that are purportedly unappealing to native workers. This results in a lower cost to employers and an influx of workers. Whether legal or illegal, additional workers result in economic growth. Finally, globalization has facilitated human development through cultural diversity, turnout ideologies, and creating beneficial competition between nations. However, because the U.S. protects its citizens with labor laws and livable wages millions of manufacturing jobs are lost to inexpensive, overseas counterparts. While there are many benefits to fusing the world, globalization comes at a cost, the elimination of Americas middle class. clientele supports more than 50 million American workers who are employed by companies that export their goods, accounting for almost 40... ... ease of transportation and sharing of discipline people are now exposed to infinite worldviews and ideologies. Nations are able to use each other as benchmarks for improvi ng themselves and improving the conditions of their citizens. However, globalization has also created an environment that forces companies to send jobs abroad to remain competitive. The bulk of these jobs pass away to the American middle class. If current trends continue the middle class forget disappear and the United States will have only the rich and the piteous with great disparity in between.Works Citedhttp//www.heritage.org/research/reports/2007/04/why-free-trade-works-for-americahttp//www.uschamber.com/international/ docket/benefits-international-trade-and-investmenthttp//www.usimmigrationsupport.org/contributions.htmlhttp//www.pbs.org/now/politics/outsource.html