The manufacturing sector has also been vulnerable, with steady job loss since the early 2000s as a partial result of globalization.
While cheaper outsourcing supports local businesses, employees are left behind. One example is CIBC, who laid off over 130 employees in 2017 — but not before having them train their replacements who will do the same job in India at a lower price. The manufacturing sector has also been vulnerable, with steady job loss since the early 2000s as a partial result of globalization.