Globalization critics argue that the decline in unskilled wage rates i

QUESTION

Globalization critics argue that the decline in unskilled wage rates in advanced economies is due to the:

A. migration of low-wage manufacturing jobs offshore.

B. technology-induced shift toward jobs that require significant education and skills.

C. increased supply of highly skilled workers.

D. decreasing demand for unskilled workers in developing nations.

E. reducing national differences in the cost of labor between developed and developing nations.

ANSWER

A
Globalization critics argue that the decline in unskilled wage rates is due to the migration of low-wage manufacturing jobs offshore and a corresponding reduction in demand for unskilled workers.