What implications does globalization have for your job?
Globalization will impact different people’s jobs in different ways. There is no one answer that will be right for all types of jobs.
When we think about the impacts of globalization, we typically think of jobs being lost. This can certainly be true, particularly for low-skilled jobs in industries where labor costs are a significant proportion of the cost of production. Therefore, jobs in such things as the textile industry and in call centers have been lost to globalization because they can be done more cheaply in other countries.
However, globalization can actually be beneficial to some people. Imagine that you work for Microsoft. Your job may be helped by globalization because globalization creates more customers for the software that your firm makes. The same could be true for someone in the movie business. As more countries demand American movies, your industry could benefit. In other words, if you are in a business that can export (or can sell to foreigners who come to your country), you can benefit from globalization.
Finally, there are jobs that are simply not going to be impacted much by globalization. Most teachers’ jobs are in this category. These are jobs that cannot really be done anywhere else. The same goes for retail jobs. These are jobs that will not be directly affected by globalization.
In these ways, globalization affects different jobs differently.