One negative effect of current patterns in global trade is job loss and wage decreases in developed countries. As companies outsource production to countries with lower labor costs, workers in developed nations may face job displacement and downward pressure on wages.
What is one negative effect of current patterns in global trade?
Responses
job loss and wage decreases in developed countries
job loss and wage decreases in developed countries
slow economic growth worldwide
slow economic growth worldwide
reduced prices for goods and services
reduced prices for goods and services
lower production costs in developing countries
1 answer