The reality is that people who are less well-off often do not have the &quot;liquidity&quot; to rebalance their assets (educational, experiential, financial, etc.) to take advantage of changes in the global economy.<p>On a macro level, society benefits from globalization, but on a micro level, there are often very high personal costs. If you have spent all of your life developing skills in one area, and that suddenly falls apart, it&#x27;s going to be very difficult to drop everything and start over.<p>As a society, we have the capability to use some of the gains to smooth out the costs for the people that lose out here, whether it&#x27;s through basic income and welfare, or education and retraining.