“Recognizing that their relations in the field of trade and economic endeavour should be conducted with a view to raising standards of living, ensuring full employment and a large and steadily growing volume of real income and effective demand, developing the full use of …show more content…
Technological improvements have driven once considered American jobs overseas, companies are moving call centers to India, Philippines, Canada and other off-shore locations. Textiles, clothing manufacturing and electronics are no longer produced here. All of these job shifts are blamed in part or in total on the Globalization of our economy.
As technology advanced, and the demand for lower priced goods and services grew, so did the offshore expansion of the labor force. Looking at call center technology for a moment, and we learn that telephone calls can be routed virtually anywhere on the globe. A country like India with billions of people, living in a largely undeveloped nation, provides a workforce pool f eager people, willing to learn, and willing to work cheaply. This drives thousands of jobs once in developed nations to developing nations. As result, wages in the developed nations drop with the loss of the higher, skilled job moving. Companies argue that they are shifting the workforce to maximize efficiencies, but many view this as business speak for saving money by outsourcing