Explain five ways in which globalization and the pressure of competition has changed the lives of workers substantially? Explain.

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Solution

Globalization and pressure of competition has affected the workers in the following manner:

a. Casual workers are hired on contract when demand is high and laid off when demand declines.
b. There is no job security among workers.
c. They have long working hours, work night shifts on regular basis during peak season.
d. They are not given any benefits of pension, overtime, medical leave etc.

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