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Why globalization led to wage cuts in some jobs in the US?

Outsourcing increases the domestic supply of workers, driving down the price of labor.


What explains why globalization has led to wage cuts in some jobs in the United States?

Outsourcing increases the domestic supply of workers, driving down the price of labor.


What best explains why globalization has led to wage cuts in some jobs in the US?

Outsourcing increases the domestic supply of workers, driving down the price of labor.Outsourcing


Nations first major labor strike was started by?

railway workers angered by wage cuts


What is the result of a high equilibrium wage?

an extra demand for workers


What is the result of high equilibrium wage?

an extra demand for workers


Did the new industrial middle class ruthlessly exploit the workers?

Yes, with severe wage cuts, horrific living conditions, and obscenely long hours.


When did Wage Workers Party end?

Wage Workers Party ended in 1910.


When was Wage Workers Party created?

Wage Workers Party was created in 1909.


What has been the main drawback of globalization for the US?

Wage reductions


What was The First Major American Strike started by?

That would be the Great Railway Strike of 1877 it was started by the railway workers getting angry over the wage cut in their pay. It began July 14 in Martinsburg, West Virginia, of the United States and ended some 45 days later after it was put down by local and state militia's, and federal troops.


What is the average wage group of 500 workers if median wage is 22000 and top 250 workers average wage is 26000?

22000