Course Content
Understanding Economic Development | Class 10 | Economics | Notes + Quiz

Impact of Globalisation on Workers βš οΈπŸ‘·β€β™‚οΈ

1. Job Insecurity Due to Competition πŸ“‰πŸ’Ό

  • Employers now prefer flexible employment, hiring workers on temporary contracts.
  • Jobs are no longer secure, and permanent positions have decreased significantly.

2. Pressure on Workers in the Garment Export Industry πŸ‘—πŸ­

  • Large MNCs in Europe and America source products from Indian exporters.
  • To maximize profits, these MNCs demand the cheapest possible goods.
  • Indian exporters, unable to cut raw material costs, reduce labour costs instead.

3. Changes in Employment Conditions βš οΈπŸ’°

  • Earlier, garment factories hired permanent workers with benefits.
  • Now, workers are employed on a temporary basis to avoid year-round payments.
  • Workers face long working hours, including night shifts during peak seasons.
  • Wages are low, and overtime is necessary to survive.

4. MNCs Profit, Workers Suffer βš–οΈπŸ­

  • While globalisation has boosted profits for MNCs, workers do not receive fair benefits.
  • Exploitation and poor working conditions have increased in export industries.

5. Case Study: Sushila’s Struggle in the Garment Industry πŸ‘©β€πŸ”§πŸ“‰

  • Sushila, a 35-year-old garment worker in Delhi, was once a permanent employee.
  • Her factory closed in the late 1990s, leaving her jobless for six months.
  • She found a temporary job 30 km away, earning less than half of her previous salary.
  • No job security: Even after years of work, she remains a temporary worker.
  • Extreme working hours: Works 7 days a week, from 7:30 AM to 10 PM.
  • No benefits: No health insurance, provident fund, or overtime pay.
  • Factories closer to her home have inconsistent orders and pay even less.

6. Conclusion βš οΈπŸ“Š

  • Globalisation and competition have worsened workers’ conditions.
  • Employers exploit workers by reducing wages and benefits.
  • Workers bear the burden of globalisation, while MNCs enjoy higher profits.