Globalization of Labor

Globalization of labor refers to the process where jobs, skills, and workforce opportunities are increasingly interconnected across countries. Companies may move manufacturing or services to nations with lower costs, or workers worldwide can access jobs remotely. This creates a more integrated global labor market, allowing labor resources to flow across borders in response to economic demands. While it offers new opportunities and efficiency gains, it can also impact local employment, wages, and working conditions, making the global economy more interdependent.