Examples of the effects of globalization in the United States

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*There has been a huge increase in the educated work force. In 2000 there were 112 million college enrollees which were 3.8 times as many as in 1975.

*There is a reduction in the United States comparative advantage of greater job competition via global sourcing.

*10-15% of jobs are expected to be off-shored in the next 20 years. (Any job that does not require to have face to face contact, has the possibility of being out-sourced.)

*Big participants in globalization at the moment are the United States, the EU, Japan and China.

*There was a 32% decline in low wage technology workers from 1999 to 2004.

*Between 1998 and 2003 there were 2.5 million jobs lost due to trade.

*A slow pace of implementing globalization in society is better for the rich countries’ opportunity set; where as a fast pace is better for the opportunity set of the poorer countries.