The "race to the bottom" refers to

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The "race to the bottom" typically refers to the process where companies move their production or services to locations that allow them to minimize costs, especially labor costs, often leading to lower wages and poorer working conditions. This term does not directly relate to the quality of goods, profits during a specific economic crisis, or a drop in business ethics, but rather to the global competition to find the cheapest production costs.

The "Race to the Bottom" Refers to