The entry of China and other developing countries into the global economy ________ the wages of low-skilled workers and ________ the wages of high-skilled workers in the United States.

Question

Quizplus · Accepted Answer

The entry of China and other developing countries into the global economy increases competition for low-skilled jobs, often leading to lower wages for low-skilled workers in the U.S. However, it can increase demand for high-skilled workers, potentially raising their wages.

The Entry of China and Other Developing Countries into the Global