Globalization increases the demand for unskilled labor in the U.S. which in turn reduces labor's bargaining power.

Question

Quizplus · Accepted Answer

Globalization often increases the demand for skilled labor due to the shift towards a more technology-driven, service-oriented economy, and can reduce the demand for unskilled labor in developed countries like the U.S., potentially increasing skilled labor's bargaining power while diminishing that of unskilled labor.

Globalization Increases the Demand for Unskilled Labor in the U