While open markets, capitalism have raised standards of living around the globe, globalization, combined with rapid progress in technology has also weakened the position of workers In advanced economies like my own, unions have been undermined and many manufacturing jobs have disappeared. Often those who benefit most from globalization have used their political power to further undermine the position of workers. (11:32–11:40)
CLAIM
Asserts that unions are weakened and manufacturing jobs have declined in advanced economies like the U.S.
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