LogFAQs > #912386992

Zeus posted...

Well, for starters, it enriches those at the top while devastating the most vulnerable in a society. It's not even necessarily good for the nations where the labor goes, considering that it can introduce a slew of issues into the society while giving foreign interests the power to challenge the national sovereignty (not to mention increased pollution). There are benefits as well, though, such as cheaper goods and opening up new markets. However, nations with abundant natural resources tend to do better under nationalism because the lowest rungs of their society are supported whereas globalism is terrible for low-skill and moderate-skill labor.

Granted, in the super-long run, we may *eventually* hit a stage when living standards are much closer among nations at which point it won't merely be pricing out labor.

Absolutely correct. People want cheap everything, and they're going to need it, when they can't make more than minimum wage, with their part time job, due to the job market being over-saturated. When McDonalds can round-file applications on whims unrelated to qualifications and still choose to hire idiot drug addicts, you know something is wrong. Thanks to globalization, if I want a job in my field, I would have to move to India (and make $2200 US per year), but I'd better hurry before China out-prices the Indian companies with their throngs of slave laborers working for pseudofood and living in cages.
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