How does economic globalization affect industrial workers?

Economic globalization has a complex relationship with industrial workers, and it is accurately represented by the idea that it can lead to both displacement and the creation of new opportunities. As companies expand their operations globally, they often shift production to countries where labor is less expensive. This movement can result in job loss for workers in more expensive labor markets, as factories may close or reduce their workforce in favor of cheaper alternatives abroad. This displacement is particularly evident in industries that rely heavily on manufacturing jobs, where workers may find themselves unemployed or forced to accept lower-wage positions.

At the same time, economic globalization can create new job opportunities in other areas. For instance, as businesses grow and enter new markets, they may require a workforce to support new operations, leading to job creation in different regions or sectors. Additionally, globalization can foster innovation and the development of new industries, which can also result in increased employment opportunities for workers willing to adapt and learn new skills.

The other options do not accurately reflect the realities of economic globalization. Job security is not guaranteed in a globalized economy due to the volatility and competition across borders. Uniform wages are unlikely because wage levels can vary significantly based on local economic conditions and cost of living. Furthermore, globalization often encourages companies to navigate regulatory environments