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International markets for labor, capital, goods and services create unemployment

and lead to job losses in wealthier countries. Agree or not?

We live in an era where global exchange is getting better and better. Consequently,
international markets for labour, capital, goods and services create unemployment and
lead to job losses in richer countries. So, local workers in such places are certainly
prepared to deal with it.
First, people are very interested in working in rich countries because they can earn
more money, live in a better environment, get to travel, etc. Moreover, they can improve
High language proficiency in addition to the language they use makes employers see the
difference between domestic and foreign personnel. Therefore, the local workforce must
compete with both domestic and foreign workers.
Second, foreign workers tend to accept lower wages than local workers are paid.
That may not be enough to live in a richer country, but it's a lot of money when they
convert it back to their home currency to save. Moreover, these people often work
without a contract, so the employers do not have obligations such as labor insurance, etc.
This will lead to difficulties when local workers find work on their own at the companies.
that company.
In short, governments around the world need to balance things out to prevent
unemployment and resulting job loss in countries around the world.

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