Consequences of Globalization for Canadian Workers
Social Impact
Quality of Life
Unemployment contributes to poor mental health, poverty, and increased crime rates.
There is a lower cost and greater choice of goods for workers.
There is an increase in immigration to Canada due to the demand for temporary workers, impacting working conditions for Canadian workers.
Employed Canadians are given. much more monetary compensation for labour, approximately $7.40 more than temporary workers.
Has the potential to increase the rates of crime and ethnocultural conflicts.
This introduces larger loads on social infrastructure.
Creates stress and tensions in the labor market.
Environmental Impact
This results in the increase of greenhouse gas emissions due to the outsourcing of workers which utilize older energy sources such as oil and coal, as they are unable to develop cleaner methods.This impacts the world Canadian workers live in.
Economical Impact
Positive Impact on the Economy
Increases consumerism and profits for emerging markets.
NAFTA was able to provide Unique Solutions Session, a Canadian business, more business and market opportunities, benefiting these Canadian employees.
Negative Impact on the Economy
There is a significant decrease in employment and income for Canadian workers, as many companies outsource the workers. This translates to paying lower wages to international workers and laying off Canadian workers.
This resulted in Canadian workers to drop out of the apparel industry, as in 10 years, the amount of Canadian workers in this industry went from 94k to 19k. This adversely impacted the economy.
Trade agreements result in structural unemployment, as many factories relocate and leave their employees without work. This would equate to higher natural unemployment rates for countries.
