In this contemporary society, many
developed countries have tendency to hire those cheap employees from huge population
countries such as China and India; therefore, those employers can maximize
their benefits by minimizing the cost of labors. Globalization, in terms of
economics, can be defined as beginning to operate business throughout the
world. Developed countries, such as United States, established many factors
with labors from both India and China; unfairly, those labors normally will
receive a minimum wages. By looking at this video, we know the issue is more associated
with macroeconomics, which symbolizes national economics, and the video also
demonstrates the interaction between two countries can cause great global
influences.
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