The Global Market And The U.S. Worker
Start writing a post
Politics and Activism

The Global Market And The U.S. Worker

Let's talk globalization.

14
The Global Market And The U.S. Worker
Slava Bowman // Unsplash

The growing trend of globalization has had a profound impact not only on the global economy, but on the economies of both developed and developing nations.

Particularly in the United States, the labor market is experiencing severe loses in low-skilled manufacturing jobs at an alarming rate. As global competition is shifting jobs overseas, the United States government will have to step-in to preserve the welfare of American workers, predominantly workers located in Middle-America and the South.

While the U.S. share of global manufacturing halved between 2000 and 2012, China's share of global manufacturing tripled during the same time. China's liberalization of trade policies, through entrance into the WTO in 2001, and increased investment in GDP has led to particularly high economic growth and a surge in productivity. Whether or not this has had positive impacts on the Chinese labor market is a up for debate.

In my home state of North Carolina, the disappearance of manufacturing jobs—particularly furniture making jobs—due to Chinese competition, is blatant. The effects on the local communities are evident through elevated drug use, crime rate, and homelessness as well as an increase in housing foreclosures (exacerbated by the Great Recession). The Wall Street Journal hones in on the crisis in Hickory, NC where the number manufacturing jobs have halved. However, the article points to these effects proliferating on the macro-level as well, noting that “Chinese competition was responsible for the loss of 2.4 million jobs in the U.S. between 1999 and 2011.” American workers simply cannot compete with the Chinese manufacturing process.

We don’t have the factory capacity, we don’t have the worker productivity, and we don’t have the convenience of local supply chains. Across many industries, Chinese manufacturers are able to produce and sell their products at the same price that it costs here in the U.S. to make the product. In addition, the price of Chinese labor does not compare to here in the U.S., weakening the bargaining powers of the U.S. worker.

So what are U.S. workers supposed to do in the face of globalization? I believe it'll become essential for people in the United States to market themselves globally. As the times change, people will have to be more open to entering the global market and selling their knowledge and skills to foreign companies. Easier said than done, of course. However, global competition is affecting both blue-collar and white-collar work and it will be necessary for U.S. workers to expand their scope to the global horizon in order to stay competitive in a world pushing on 8 billion people.

Report this Content
This article has not been reviewed by Odyssey HQ and solely reflects the ideas and opinions of the creator.
​a woman sitting at a table having a coffee
nappy.co

I can't say "thank you" enough to express how grateful I am for you coming into my life. You have made such a huge impact on my life. I would not be the person I am today without you and I know that you will keep inspiring me to become an even better version of myself.

Keep Reading...Show less
Student Life

Waitlisted for a College Class? Here's What to Do!

Dealing with the inevitable realities of college life.

78053
college students waiting in a long line in the hallway
StableDiffusion

Course registration at college can be a big hassle and is almost never talked about. Classes you want to take fill up before you get a chance to register. You might change your mind about a class you want to take and must struggle to find another class to fit in the same time period. You also have to make sure no classes clash by time. Like I said, it's a big hassle.

This semester, I was waitlisted for two classes. Most people in this situation, especially first years, freak out because they don't know what to do. Here is what you should do when this happens.

Keep Reading...Show less
a man and a woman sitting on the beach in front of the sunset

Whether you met your new love interest online, through mutual friends, or another way entirely, you'll definitely want to know what you're getting into. I mean, really, what's the point in entering a relationship with someone if you don't know whether or not you're compatible on a very basic level?

Consider these 21 questions to ask in the talking stage when getting to know that new guy or girl you just started talking to:

Keep Reading...Show less
Lifestyle

Challah vs. Easter Bread: A Delicious Dilemma

Is there really such a difference in Challah bread or Easter Bread?

48014
loaves of challah and easter bread stacked up aside each other, an abundance of food in baskets
StableDiffusion

Ever since I could remember, it was a treat to receive Easter Bread made by my grandmother. We would only have it once a year and the wait was excruciating. Now that my grandmother has gotten older, she has stopped baking a lot of her recipes that require a lot of hand usage--her traditional Italian baking means no machines. So for the past few years, I have missed enjoying my Easter Bread.

Keep Reading...Show less
Adulting

Unlocking Lake People's Secrets: 15 Must-Knows!

There's no other place you'd rather be in the summer.

978205
Group of joyful friends sitting in a boat
Haley Harvey

The people that spend their summers at the lake are a unique group of people.

Whether you grew up going to the lake, have only recently started going, or have only been once or twice, you know it takes a certain kind of person to be a lake person. To the long-time lake people, the lake holds a special place in your heart, no matter how dirty the water may look.

Keep Reading...Show less

Subscribe to Our Newsletter

Facebook Comments