Globalization impacts labor relations from "summary" of Labor in the Age of Finance by Sanford M. Jacoby
Globalization has brought about significant changes in labor relations around the world. As businesses expand across borders, they are able to take advantage of differences in labor costs, regulations, and practices. This has led to increased competition among workers, as companies can easily move production to countries with lower wages and fewer protections for workers. As a result, workers in high-wage countries may find themselves facing pressure to accept lower wages and fewer benefits in order to remain competitive. Furthermore, globalization has made it easier for companies to outsource work to other countries, leading to job losses in some industries. This can create insecurity among workers, as they may fear losing their jobs to cheap...
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