+ 44 20 8144 3706Introduction:
Globalization is the buzzing word of the 21st century. Globalization refers to the spread of the products, technology and job across national borders and culture. Globalization due to cross border flow of capital, labor and goods creates more jobs and promote economic growth across nations. However, growth and job creation is not evenly distributed across nations and industries. Globalization leads to disruption of industries in many nations. For example in USA textile industry heavily damaged due to globalization. On the other hand, in Mexico corn farming heavily affected due to globalization (Im, and et.al., 2019). In the present research focus is on identifying the role of globalization in promoting inequality in terms of income among people in the nation. In this regard automation as the factor is taken through which globalization promotes income inequality within the nation. Thus, aim of the research study is given below.
“To identify role that globalization play in promoting automation across industries in nation and its impact on work and role in widening income inequality”
Globalization makes it easier for the firms to start a business in another nation. When any Western world company commences business in the Asia or another continent, it also brings its innovative and latest technology with it. Such kind of technology makes firm competitive then rivals in the new market. Thus, to remain competitive local firms also adopt automation related technologies (automated machines) in their business. Consequently, due to automation tasks that require low skilled labor reduced to a great extent (Miller, 2016). Hence, firm pay low wages to the labor as their significance reduced in the workplace. Moreover, to operate the entire system related to automation technology firms keep highly skilled employee and firm pay large packages to them. The largest amount that is paid to the skilled labor is compensated by low pay that is made to the low skilled labor. This promotes income inequality in the nation and richer become more wealthy and poor become more poor.
Conclusion:
On the basis of the above discussion, it is concluded that globalization plays an important role in promoting automation across nations and industries. Due to automation labor intensive tasks are automated. Hence, labors intellect and skills are less required and due to this reason less is paid to them. On the other hand, firms are able to make more effective use of those who are working in middle and upper level and due to this good hike are given to them in salary. Hence, income inequality is observed in the nation due to automation of tasks which originate because world is now becoming a global village.
Reference:
Books and journals:
Im, Z. J. and et.al., 2019. The “losers of automation”: A reservoir of votes for the radical right?. Research & Politics. 6(1) 2053168018822395.
Miller, C. C. 2016. The long-term jobs killer is not China. It’s automation. The New York Times. 21.
Smith, J. E. 2017. Nowhere to go: Automation, then and now part two. Brooklyn Rail.
Romero, D. and et.al., 2016. The operator 4.0: human cyber-physical systems & adaptive automation towards human-automation symbiosis work systems. In IFIP international conference on advances in production management systems (pp. 677-686). Springer, Cham.
Frey, C. B. 2019. The technology trap: Capital, labor, and power in the age of automation. Princeton University Press.
David, H. J. J. O. E. P. 2015. Why are there still so many jobs? The history and future of workplace automation. Journal of economic perspectives. 29(3). 3-30.
Vardi, M. Y. 2016. Globalization, computing, and their political impact. Communications of the ACM. 59(11). 5-5.
Lacity, M. C. and Willcocks, L. 2016. Rethinking legal services in the face of globalization and technology innovation: the case of radiant law. Journal of Information Technology Teaching Cases. 6(1). 15-22.
Rodrik, D. 2018. Populism and the Economics of Globalization. Journal of international business policy. 1(1-2). 12-33.
Here, at archlite assignment help, we provide various academic assignment assistance including Travel and tourism assignment help | College assignment help & many more.
