How Globalisation and competition pressure have changed workers' lives?

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When the demand is high, companies hire casual workers for low wages, and when the demand decreases, they remove those workers.

No job securities are given to them like insurance, health or medical care.

MNCs hire workers on low wages to maximise their profit which decreases the standard of living of those workers.

All of the above

answer is D.

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Detailed Solution

1)      When the demand is high, companies hire casual workers for low wages, and when the demand decreases, they remove those workers.
2)      No job securities are given to them like insurance, health or medical care.
3)      They have to work longer hours and night shifts in the peak season, and in return, they do not get any extra benefit.
4)      MNCs hire workers on low wages to maximise their profit which decreases the standard of living of those workers.
5)      The major drawback of globalisation is that they did not get any benefit from the extra profits made by the company or any MNCs.

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