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Why does globalization lead to a reduction in wages in developed countries?
Kingstonz
Increased mobility allows producers to move jobs to lower-cost labor markets.
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∙ 15y ago
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Why does globalization lead to a reduction in prices for goods and services?
Competition for jobs drives down wages, which helps companies lower their prices.
Why does globalization give countries an incentive to reduce wages or their workers?
Lower production costs help lure foreign
Why does globalization give countries an incentive to reduce wages their workers?
Lower production costs help lure foreign investment--apex
How can fair trade help develop a country?
A less fortunate / less developed country where wages are lower can export goods to countries where wages are higher. The people in the country with higher wages benefits because they can buy things more cheaply. The people in the country that is less developed can benefit because they get paid a wage. They can use this wage to build wealth, reinvest in their country and in time increase their standard of living.
How did real wages change in the US in the late 1800s compared to real wages in England?
They rose less than in Britain, France, and Germany. Wages in both countries increased.
Why does globalization lead to a reduction in prices for goods and services?
Competition for jobs drives down wages, which helps companies lower their prices.
Why does globalization give countries an incentive to reduce wages or their workers?
Lower production costs help lure foreign
Why does globalization give countries an incentive to reduce wages for workers?
Lower production costs help lure foreign investment.
Why does globalization give countries an incentive to reduce wages for their workers?
Lower production costs help lure foreign investment.
Why does globalization give countries an incentive to reduce wages their workers?
Lower production costs help lure foreign investment--apex
What has been the drawback of globalization for the United States?
Competition with lower wages and jobs leaving the country are some of the major drawbacks of globalization.
What has been the main drawback of globalization for the United states?
Competition with lower wages and jobs leaving the country are some of the major drawbacks of globalization.
What is the beneficial effect of outsourcing projects?
By outsourcing a job, you can get the same done at a much cheaper price,thereby reaping the benefit of cost reduction. In fact, in developed countries, where the overhead cost,wages are too high, outsourcing projects and get them done from third world countries like India, China have become a taboo inspite vehement protests from sons of the soil laborers/employees of those countries.
What is the Chindia Revolution?
The Chindia revolution is the globalization revolution that has been taking place in China and India since the 1990's. This revolution has led to a new middle class in those countries as wages rise.
What is To quit work in order to compel an increase prevent a reduction of wages?
An economic strike.
How can fair trade help develop a country?
A less fortunate / less developed country where wages are lower can export goods to countries where wages are higher. The people in the country with higher wages benefits because they can buy things more cheaply. The people in the country that is less developed can benefit because they get paid a wage. They can use this wage to build wealth, reinvest in their country and in time increase their standard of living.
How did real wages change in the US in the late 1800s compared to real wages in England?
They rose less than in Britain, France, and Germany. Wages in both countries increased.
