The Unforeseen Effects on Domestic Job Markets
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Title: The Unforeseen Effects on Domestic Job Markets

Essay Details:

Subject: Business
Author:
Date: July 11, 2015
Level: University
Grade: A
Length: 2 / 491

Essay text:

(Bernstein, pg4) For example, “Gaurav Daga works as a project manager for Windows software in India. His annual income is $11,000 per year. It does not seem like much until it is compared with the per capita income of $500 in India. His wage is significantly less than what one would expect an American businessman in the same career.” (Bernstein, pg4) The difference in the amount of pay one would expect to receive for skilled labor in foreign markets seems to be fueling this new push to expand globally. With the current shift in global economics, there is a transition from previous mass production industries overseas such as “cheap electronics” and toys to “simple service work like credit card receipt processing and writing software code”...

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