Impact of Globalization on Employment and Wages - Essay Example

The impact of globalization on employment and wages Globalization can be explained as the interaction between people from different countries through various means. Development in technology can be attributed to the rise of globalization. People now have access to things that were unavailable to them, thanks to the exposure to the rest of the world (Osherenko, 3). This study wants to analyze the impacts of globalization on employment wages experienced in the world. The research questions stated below were developed to help in understanding the influence that globalization has had on employment and wages. i. What are the industries that have been affected by globalization? ii. What are the groups of people affected by globalization? iii. What are the factors that have propagated development of technology? iv. What are the effects of globalization on employment and wages? v. What are the methods that can be used to control globalization? To have a clear understanding of the impacts of globalization, two interviews were conducted. The interviewees were required to respond to the research questions stated above. Discussed below are the answers given by the interviewee. Interview one The respondent stated that it is hard to say the particular industries that have been affected by globalization. This is explained by the desire of most industries to expand and offer their services to the whole world. According to the respondent, globalization affects everyone. The effects of globalization cannot be directed at a specific group of people. It is, however, the choice of an individual to decide whether he will let globalization affect him. To understand this, the interviewee stated that globalization has led to the adoption of a foreign culture, such as dressing and development in technology. It would, therefore, be up to a person if a person will adopt the changes. Most people, however, adopt the changes as they view it as a way to enhance their living. The interviewer explained that technology is the major contributor to the rise of globalization. Thanks to technology, the world can be said to be on the same platform. Development in communication technology such as phones, internet, and GPS satellites has fostered globalization as people now communicate with ease disregarding the location they are. The internet has also accelerated globalization from different nations throughout the world engage in communication. It helps in exchange of information from one person to another. A person in America can communicate with a person in Dubai easily. Such people can discuss business ideas that they can be involved in and in the end set it up, without having to travel all the time. Globalization has had both positive influences and according to the interviewee, which can be expected as we cannot only have positive effects. Some of the effects of globalization she discussed are improvement in living conditions of people, development of countries, an increase in the employment rate, and adoption of a foreign culture. In terms of employment and wages, globalization can be attributed to the employment opportunities witnessed in various countries. Big companies such as banks have established themselves in foreign nations leading to the provision of jobs for people of that country. This ensures that the employees have a constant source of income that helps them in their daily activities. The responded argued that there is no way for globalization to be controlled. This is because technology, which has a significant influence in its rise, continues to develop every day. There is no way to control the development technology and, therefore, globalization will be hard to control. Interview 2 Some of the industrial sectors that have been affected by globalization according to the interviewee according include the food, car motor sector, the textile sector, education sector. With development in globalization, people throughout the world have been introduced to new things and ideas that were initially unknown to them or had remained out of their reach. Big food chains such as KFC and McDonalds with the help of globalization have established themselves in foreign countries. The motor vehicle sector has also continued to develop as more and more people are now in need of vehicles to help them move around while performing their daily activities. People around the world are now in need of education. This is because it assists in securing careers of their choice and also in their career growth. However, with people working most of the time, universities and colleges have found a way to help them study part time. Sometimes this is done online which is more convenient to those who cannot access the school’s physical location. The group of people affected by globalization cannot be specified as explained by the respondent. However, he stated that there were those that it is hard to ignore the influence it has had. Such groups include the youth and workers. Most youths have adopted the way of life practiced by people in different nations such as dressing and language. Technology is being used in companies and with its development; machines have been used replace humans. In some instances, machines are seen as more effective than human beings, leading to the loss of jobs. The interviewee also believes technology has played a key role in the rise of globalization. Through globalization, it is now easy for people to move around in cars, trains, airplanes and even by the sea. Communication through phones and the internet has helped to bring the world to be in one platform. Globalization has had an impact on employment and wages because it has helped the development of major companies in foreign lands. This has created job opportunities for the residents. The technology associated with globalization has helped developed machines such as computers that have helped to make work easier for workers. In some instances, however, technology has been associated with the loss of jobs as some machines are used to do work that would be done by humans. This leads to loss of employment and income that the individual use to support them and their families. Just like the first interviewer, he believes technology cannot be controlled. However, what can be controlled is the way humans interact. For instance, control measures can be put by the government in a country if it deems something unfit for the citizens of the particular nation. Companies that extend their boundaries to other countries should seek to understand the policies of the countries. The interview questions generated for this study were selected as they I believed they would help give a deeper understanding to the influence of globalization on employment and wages. Through the questions, I also got to understand the various influence that globalization has had to the whole world on various issues. For the interview, I chose to have both male and female respondents. This is because it helped get an idea of how both genders feel about globalization. The age factor in was also a factor when selecting the interviewees. I chose a 30 years old gentleman and 32 years lady because I felt that they had a better understanding of globalization and its impacts. They are also learned people who have been well exposed to globalization, and this, therefore, made them the most suitable people to act as my respondents. For the study, I also chose to select people who have traveled a lot around the world because they have experienced the effects of globalization. My two respondents have been to various countries and managed to feel the impact of globalization. During the interviews, I decided to ask questions in instances where I needed any further explanation from the interviewee. I would allow them to finish their statement and then ask the question I had. This helped to clarify the issues that I did not understand well. I also encouraged them to give examples that would help understand a situation better. Works Cited Osherenko. A. Social interaction, globalization and computer-aided analysis. London, Springer-Verlag London: 2014. Print. Read More