Third, higher salaries among workers have led to a higher purchasing power which led to the development of consumption goods. Fourth, the constant internet connectivity has enabled workers to be updated about new equipment and production systems of other countries which can be replicated in their factory floor.
Globalization has resulted in the emergence of businesses and thus, new occupations which gives stable and huge compensations to the modern day workers. The emergence of new occupations such as call center agents, business process outsource analysts, carbon audit analysts and data processing analysts has given rise to more purchasing power among the middle class and lower class. There is hardly a social tension among the workers and managers of these new types of occupations. Moreover, merit and achievement are rewarded with work bonuses and on-the-spot job promotions. A worker can double his income if he/she applies an efficient method in his/her daily work. These new systems of rewards in the workplace were not yet present during the time of Karl Marx.
Second, the seamlessness of transactions of the internet and the mobile phone has enabled communications between managers and workers to be updated and smooth. ...
For global companies, workers can tap on the best practices of the company which had been implemented in other company locations around the world. The rise of e-mail messages reduces the gap between managers and workers. An executive who has an e-mail address is easier to locate compared to the prior method of sending him a formal letter which his secretary can easily screen out.
Third, the higher salaries given by employers to the workers have led to a higher purchasing power which led to the development of new consumption goods. The development of socially responsible company unions and the evolving nature of collective bargaining agreements have enabled workers to be more responsive to the financial status of their companies. Company stewardship efforts of the employers and workers have been consistent. For instance, during times of recessions, the company trade union is open to take a salary cut to help the company weather the economic crisis. Conversely, during times of prosperity, the company union can negotiate for higher salaries and bonuses. Hence, the previous confrontational stance and conflict-ridden postures between employers and the union is a thing of the past.
Fourth, the constant internet connectivity has enabled workers to be updated about new products, new equipment and new production systems of other countries which can be replicated in their factory floor. The workers know that their company's competitive status in the industry must be safeguarded to ensure the company's survival. Hence, the workers try their best to read up on new developments of the industry and they try to come up with innovative solutions to remain competitive at all times. New products are tested. New equipments are purchased to speed up