Interplace competition among workers enables mobile capital to seek out the best rates of return, a process sometimes known as the:

Question

Quizplus · Accepted Answer

Interplace competition among workers, which drives down wages and working conditions to attract or retain investment, is often referred to as the "race to the bottom." This term reflects the downward pressure on labor standards as regions or countries compete to offer the most favorable conditions for capital.

Interplace Competition Among Workers Enables Mobile Capital to Seek Out