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Globalization has significantly impacted the US middle class by contributing to job displacement and wage stagnation due to increased competition from low-wage countries. Many manufacturing jobs have moved overseas, leading to a decline in traditional middle-class employment opportunities. While globalization has also created new jobs in technology and services, these positions often require different skills, leaving some workers struggling to adapt. Overall, the benefits of globalization have not been evenly distributed, leading to economic anxiety within the middle class.
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Which social class lost much of its wealth as a result of the housing bubble and mortgage crisis?
The working class and the lower middle class. People who had been able to save some of their income towards retirement and toward savings. Some upper middle class people with investments and big mortgages were severely affected.
How long has globalization been around?
Globalisation has been around for Many centuries now.
What has been the main draw back of globalization in the US?
Wage reductions
What has been the main benefit of globalization for the?
While globalization has contributed to the reduction of overhead expenses for businesses, slightly improving growth, the drawback is that it causes increased unemployment in the US.
What has been the main benefit of globalization for the US?
While globalization has contributed to the reduction of overhead expenses for businesses, slightly improving growth, the drawback is that it causes increased unemployment in the US.
What happened to the middle class in Europe?
The middle class in Europe has experienced significant changes over the past few decades, influenced by economic shifts, globalization, and the impact of the 2008 financial crisis. Many middle-class jobs have been displaced by automation and outsourcing, leading to a growing sense of economic insecurity. Additionally, rising living costs, particularly in housing and education, have strained middle-class households. As a result, there's been a noticeable polarization in wealth, with some segments of the middle class struggling while others remain relatively affluent.
What is the Chindia Revolution?
The Chindia revolution is the globalization revolution that has been taking place in China and India since the 1990's. This revolution has led to a new middle class in those countries as wages rise.
Which social class lost much of its wealth as a result of the housing bubble and mortgage crisis?
The working class and the lower middle class. People who had been able to save some of their income towards retirement and toward savings. Some upper middle class people with investments and big mortgages were severely affected.
How has the middle east been affected by the west in the 20th century?
The Middle East was affected by the west in the 20th century as a result of divisions between progressive and conservative factions.
What class is architect in upper class middle class lower class?
Architects are either in the Upper Middle class or Upper Class, with either $62,960 earnings or, if you have a lisense and have been an architect for about 15 years, up to $200,000.
How has globalization affected the study of geography?
the effect of globalization on information technology could be thatthe more people in the world the more knowledge there is to be shared with computers. as the human race develops there is alway a chance of someone being born who will know more.
Has historical globalization been a positive force?
Historical globalization has been both positive and negative, depending on a person's opinion.
Which of the folloeing jobs would have been held by a middle class woman?
Teacher
How has the social policy in Britain been shaped by one of the fallowing social groups the working class the middle class minority ethnic groups?
well, social policy in Britain been shaped by one of the fallowing social groups the working class the middle class minority ethnic groups by setling the united states and never been diversed.
What have been the benefits and drawbacks of globalization since 1945?
Differing opinion make the answer to this query subjective at best. That having been said, one major benefit to globalization has been the widespread availability of knowledge to the masses. One of the drawbacks has been the growing disparity between the rich and the poor, in many cases erasing the 'middle class'.
What ar priests from the social classes of Egypt?
The highest priests were upper class. The others would have been middle class.
What job would have been held by a middle class women in1833?
C. Teacher
