The "race to the bottom" refers to lower wages,declining working conditions,and job insecurity in the developing world,not the developed world.

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The "race to the bottom" can occur in both the developing and developed world as countries or regions compete to attract business by lowering wages, reducing labor standards, and weakening environmental regulations, leading to declining working conditions and job insecurity globally.

The "Race to the Bottom" Refers to Lower Wages,declining Working