Wage stagnation occurred simultaneously with the growth of international trade.

Question

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Many economists believe that the growth of international trade, particularly with the rise of low-wage countries like China, has played a significant role in suppressing wages in developed countries like the United States. As companies have outsourced jobs to other countries with lower labor costs, workers in the developed world have seen fewer job opportunities and less bargaining power, leading to stagnant wages.

Wage Stagnation Occurred Simultaneously with the Growth of International Trade