Can a correlation be observed between foreign trade and the salaries of workers in the US?
Empirical research indicates that the arrival of foreign competition in the domestic market lowers the salaries of workers employed in similar positions.
It has been suggested by a group that international trade can potentially hinder the domestic wagesHowever, a separate group has asserted that a direct connection between trade and wage drop is not guaranteed.
Empirical research indicates that the arrival of foreign competition in the domestic market lowers the salaries of workers employed in similar positions. The simulation results demonstrate that globalization exerts a parallel impact on wage growth decline and wage inequality escalation. It has been suggested by a group that international trade can potentially hinder the domestic wagesHowever, a separate group has asserted that a direct connection between trade and wage drop is not guaranteed. It is imperative that I peruse the recent literature pertaining to this topic in order to provide you with an informed response.