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Globalizationís Impact on the United States Middle Class Free essay! Download now

Home > University > Anthropology > Globalizationís Impact on the United States Middle Class

Globalizationís Impact on the United States Middle Class

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Downloads to date: N/A | Words: 6770 | Submitted: 16-Dec-2011
Spelling accuracy: 98.3% | Number of pages: 25 | Filetype: Word .doc


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Outsourcing and globalization - Destruction of the American Middle Class

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Globalizationís Impact on the United States Middle Class
Destruction of the American Middle Class

Globalizationís Impact on the United States Middle Class

The United States experienced with globalization so far has not been very rewarding to the American middle and lower classes. We have been told over and over by our policy makers that free trade is a good thing that it would help the economy to grow and create new jobs. This has been far from the truth. In the last decade, we have seen the result of the trade in flows increased the inequality of earnings. The middle class wages has been stagnate while the income of the corporate elite has risen. Globalization has essentially erased all of the gains made in the early 7os by the American middle class. Globalization is destroying the American dream and the American middle class standard of living.
While free trade is promoted as an engine for economic growth, disparate wage and worker protection laws among countries make it an engine for economic growth for the wealthy and economic decline for the American middle-class.
For the past several decades, as the American economy gradually merged into the one global economic system, the manufacturing jobs, white color jobs which are the ďbread basketĒ of the American middle class, are being outsourced to developing countries. Regrettably, for the American middle class, the rest of the world does not have the same minimum wage requirement and worker protections laws that we have. Thus, the giant corporations that control our economy are able to pay workers in other countries slave labor wages to produce their goods and import them to the United States to compete with products made by American workers. This has resulted in a mass flight of manufacturing facilities and job loss to the United States.
Under the globalizationís economic structure the American middle class cannot continue to be the middle class that we have known. The middle class most important asset to the global economy is its labor, and that has been devalued by the cheap labor on the world market. As we move toward globalizationís goal one world labor force, it is apparent that the middle class standard of living will continue to fall.
Globalization accelerated through the world after the end of the cold war. Combined with the technological changes in communication and transportation, globalization created a haven for American corporations ...

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