What is one major drawback of globalization?

One major drawback of globalization is the widening income inequality between the rich and poor within and among countries. Globalization has led to the outsourcing of jobs to cheaper labor markets, resulting in job displacement and wage stagnation for workers in developed countries. At the same time, multinational corporations and wealthy individuals have been able to capitalize on global markets and exploit cheaper labor, leading to a concentration of wealth and power in the hands of a few. This income inequality has led to social unrest, economic instability, and increased disparities in access to resources and opportunities.