So my unscientific assumptions of result of Globalization.
-Rich/corporations benefit as they outsource to produce essentially same thing (may not be of same quality etc) for less cost. They sell stuff at same price. One benefit of the Globalization.
-Even the rich/corporations that do not produce things in China can demand and get lower/stagnant wage for the workforce in America, citing the risk of losing jobs to China. Another benefit of Globalization.
-The ‘regular’ folks get the benefit of paying not much for stuff, aka Wal Mart effect. But I never heard of a company lowering price for products they were able to produce for less in China. The difference was pocketed by corporations. Not a great benefit of Globalization…[/quote]
