Expansions in globalization and the reduction of worldwide trade barriers during the 1980s and 1990s most likely had what effect on the demand for U.S. labor?
A) The demand for unskilled workers increased, while the demand for skilled workers decreased.
B) The demand for unskilled workers decreased, while the demand for skilled workers increased.
C) The demand for unskilled and skilled workers increased.
D) The demand for unskilled and skilled workers decreased.
E) The demand for unskilled workers increased, while the demand for skilled workers did not change.

Question

Quizplus · Accepted Answer

The reduction of worldwide trade barriers and expansions in globalization typically lead to a higher demand for skilled workers in developed countries like the U.S., due to the shift towards more specialized and technology-driven industries. Conversely, the demand for unskilled labor often decreases as production of goods that require less skill can be outsourced to countries with lower labor costs.

Expansions in Globalization and the Reduction of Worldwide Trade Barriers