Globalization benefits the elite at the expense of the working class from "summary" of The Death of the West by Patrick J. Buchanan
Globalization has been a boon for the elite, as they have reaped the rewards of increased profits and expanded markets. However, the working class has not fared as well in this new globalized economy. While the elite have seen their wealth and power grow, the working class has faced job losses, stagnant wages, and increased competition for employment. The outsourcing of manufacturing jobs to countries with cheaper labor has been a particularly damaging consequence of globalization for the working class. Companies have sought to cut costs by moving production overseas, leaving many working class individuals without stable employment. This has led to a decline in job security and a weakening of labor unions, which has further disadvantaged the working class. Additionally, the influx of cheap labor from other countries has put pressure on wages for working class individuals. With more people competing for the same jobs, employers have been able to keep wages low, despit...
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