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During intensive periods of outsourcing, etc., US employment and average income rates have been at trends similar to trends before the prevalence of outsourcing, etc. And these trends have been to increase. Economic theory states that average income in countries with free trade will increase, and there is significant empirical evidence supporting this.
However, the effect on individuals varies widely based on which field they are in. Generally speaking, unionized private-sector outsourceable low- and mid-skilled workers (manufacturers of stuff like cars and computers) have been negatively effected by globalization, whereas high-skilled workers and non-outsourceable workers (like construction) have benefited.
Note that globalization has decreased the price for many consumer items. This means that the cost of living has gone down for many Americans (remember how expensive furniture was before Ikea, and clothing before Walmart?). A decrease in cost of living is effectively an increase in real income.
All in all, globalization has been economically beneficial to America. But the effects on you depend on your skill set and current field.
What else can I help you with?
How much money does a farmer make each year?
A farmer's income varies according to the year and is dependent on the weather. It also depends on how much land they farm. The average income is between 40,000 and 100,000 dollars a year. Some farmers make quite a bit more.
How much does Coco Chanel make in a year?
Coco Chanel died in the early seventies. dead folks can:t collect income.
Average Haiti Income?
The national income per household in Haiti per year is $560. This meager income makes it hard for Haitians to purchase the necessities in life that their family will need and is cause for much of the malnutrition and health care concerns within the country.
Per capita income is based on month or year?
year.
What is the average income of the people in Russia?
The average income in Russia is $17,230 US dollars a year. The people of Russia that are in the top 20% earn 6x this amount, while the poor earn much less.
How has increased globalization affected consumer choice?
With global trade people figure they can get seasonal fruits and vegetables all year and a re willing to support the growth and transport of these materials.
What is Non filing of Income Tax Return?
When a person does not file their income tax return every year, there will be a penalty. An income tax shows the amount of how much the person has earned for the year.
How much income tax you have to pay in India in the year 2012-2013?
some much
How much taxes are due on 4800.00 a year?
For the 2009 tax year if your taxable income is 4800 your federal income tax liability would be 483.
How much do pediaticians make?
Pediatricians average about $100,000 in income a year.
How much income tax collected in India in last year?
zero
Does a 16 year old file income tax in Canada?
Ones age does not determine if a person files taxes or not, what it matters is how much money the person made that year. What was the income of the person that year, is what determines the income tax filling status.
A person's 3 month income equal to 4 months expense he saved 450 in a year so how much he earn per month or a year?
4 months' expenses = 3 months' income. So, in a year, 12 months' expenses are covered by 9 months' income. This means he saves three months' income in a year. 3 months' income = 450 so monthly income = 150 or annual income = 1800.
How much is the yearly income for a massage therapist?
around 35,000 to 53,000 a year
How much will a full time teachers income?
1 dollar per year
How much do parents spend on child each year?
20-30% of your income
How much can a single person make in a year?
In the USA, we have no limits on personal income.
