Globalization Winners and Losers

Workers, who also vote in large numbers, might lose their jobs due to outsourcing and offshoring. This is particularly tme if the skills needed to do the job are low and the cost of the employees involved is high. The same principle applies to high cost employees. These are workers whose incomes have grown past international standards for the skills they 

Winners Individual companies and shareholders Workers who gain jobs Low-cost employees Consumers and end-users Economies that grow due to increased competitiveness Well-managed companies Consumers and end-users 

Losers Workers who lose jobs High-cost employees Politicians Government regulators Beneficiaries of government programs and policies Poorly managed companies Protected industries 

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