The term "race to the bottom" refers to:
A) Seeking to mine valuable minerals from the bottom of the ocean.
B) Moving production jobs to the country with the lowest labor cost.
C) Efforts to deconstruct the assembly process in manufacturing industries.
D) An old concept of globalization that is no longer relevant.

Question

Quizplus · Accepted Answer

The term "race to the bottom" typically refers to the practice of companies moving production jobs to countries with lower labor costs in order to stay competitive. This can result in a downward pressure on wages and working conditions, as countries compete to offer the cheapest possible labor to attract investment.

The Term "Race to the Bottom" Refers To