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How Has Foreign Labor Changed The United States ' Economy

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Final Exam - How has Foreign Labor Changed the United States’ Economy? All of us, working or nonworking, get to enjoy Labor Day, a national holiday in September that gives the American people the day off. However, just how does this effect the nation when companies are using foreign labor? There are two prominent types of foreign labor that are used today; this includes the usage of factories over seas, or the bringing in of migrant workers. Migrant workers have been used before the Civil War in the 1860’s, including slaves brought from Africa to work on plantations. Today, in the United States, migrant workers are those who have fled and work for a company, legally or illegally. The most popular and stereotypical example are Mexicans. …show more content…

An influx of labor abroad increases the domestic workforce in the foreign country, allowing the economy in both countries to expand. Given a certain level of demand for labor, increased supply intensifies competition for jobs and exerts downward pressure on earnings. Foreign labor has been a topic of reason due to the loss of jobs in the US, working conditions, and the effect it has on the foreign countries. Walmart has been America’s go-to shopping fair with attractively low prices on all items imaginable since 1962. Walmart currently has over 5,000 stores in the US as of 2015, and over 11,000 world wide. Walmart is the world largest private employer, only the U.S. Department of Defence and China’s People’s Liberation Army employ more people. Walmart 's 2.1 million-plus working population is much greater than the population of 15 states and the District of Columbia. Each week, more than 140 million Americans shop at Walmart, a figure that far surpasses the audience of the 2012 Super Bowl or the voter turnout of the 2008 presidential election. Walmart 's $405 billion in revenue last year makes it the 23rd-largest economy in the world, bigger than Sweden. Walmart destroyed 3 local jobs per 2 employed, which turns out to be quiet a lot, because 97% of Americans work within a 25 mile radius and each store employs around 300 people. These 300 people receive other forms of government assistance like

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