Economic impact of globalization on the U.S. labor force

The economic effects of globalization remain a subject of much controversy in the United States and all over the world. Although studies have been conducted on the globalization phenomenon, limited research exists on U.S. workers impacted by globalization. This study examined the economic impact of globalization on the standard of living of U.S. workers. A correlational design was used to establish the relationship between variables. The findings showed a positive and significant correlation between globalization and gross domestic product, indicating better quality of life for workers. Additionally, although results indicated a positive relationship between unemployment rate and outsourcing, U.S. workers benefitted tremendously from direct foreign investments. Jobs lost due to outsourcing were typically non-skilled, which were compensated for by high-paying skilled jobs from foreign direct investments into the United States relative to lower wages by locally owned companies. In the end, the benefits of globalization outweigh inherent challenges. The study provided information that brings more clarity on the existing passionate debates on globalization.