Answer:
Step-by-step explanation:
In addition to creating new work opportunities, globalization also causes job displacement. The total number of jobs in the economy does not move considerably because economic cycles, Federal Reserve policies, and fiscal policies are what essentially determine job counts. Nevertheless, a Peterson Institute study reveals that between 2001 and 2016, increased trade in manufactured goods resulted in a net loss of 156,250 manufacturing jobs in the US, which amounts to less than 1% of all employment losses. 1 In some areas, low-wage workers are most impacted. Many of them have lower salaries or have left the workforce altogether.a Automation and artificial intelligence are two labor-saving technologies that are more important than trade in causing job displacement. employment that pay more have become available in