As a result, many locals have lost their jobs or been forced to accept lesser wages and poorer working conditions.
‍ One of the most debated negative effects of globalization is the loss of jobs. This is particularly the case in developed countries, such as the United States, where many services and unskilled labor have been outsourced to developing countries. As a result, many locals have lost their jobs or been forced to accept lesser wages and poorer working conditions. Though it is the job of governments to protect the local workforce and create favourable business conditions for companies, you will still need to assess how you want your business to work around this challenge.