Is globalization the principal cause of job loss and growing inequality in the United States?
A) Yes, most jobs have moved to Central and South America.
B) Yes, most jobs have moved to Asia.
C) No, globalization has created millions more jobs for Americans than have been lost.
D) No, due to technological advances, it simply takes fewer workers to manufacture the goods we all consume.

Question

Quizplus · Accepted Answer

While some jobs have moved overseas due to globalization, the main cause of job loss and growing inequality is actually technological advances which allow companies to produce goods with fewer workers. This means that there is less demand for low-skilled labor, which can lead to job loss and economic inequality. However, globalization has also created millions of jobs for Americans in industries such as finance, technology, and service, and has allowed consumers to access a wider variety of goods at lower prices.

Is Globalization the Principal Cause of Job Loss and Growing