Economic impact of globalization on the U.S. labor force
General Material Designation
[Thesis]
Subsequent Statement of Responsibility
;supervisor: Miller, Susan
.PUBLICATION, DISTRIBUTION, ETC
Name of Publisher, Distributor, etc.
Capella University: United States -- Minnesota
Date of Publication, Distribution, etc.
: 2013
PHYSICAL DESCRIPTION
Specific Material Designation and Extent of Item
130 Pages
DISSERTATION (THESIS) NOTE
Dissertation or thesis details and type of degree
Ph.D.
SUMMARY OR ABSTRACT
Text of Note
The economic effects of globalization remain a subject of much controversy in the United States and all over the world. Although studies have been conducted on the globalization phenomenon, limited research exists on U.S. workers impacted by globalization. This study examined the economic impact of globalization on the standard of living of U.S. workers. A correlational design was used to establish the relationship between variables. The findings showed a positive and significant correlation between globalization and gross domestic product, indicating better quality of life for workers. Additionally, although results indicated a positive relationship between unemployment rate and outsourcing, U.S. workers benefitted tremendously from direct foreign investments. Jobs lost due to outsourcing were typically non-skilled, which were compensated for by high-paying skilled jobs from foreign direct investments into the United States relative to lower wages by locally owned companies. In the end, the benefits of globalization outweigh inherent challenges. The study provided information that brings more clarity on the existing passionate debates on globalization.