Question

multiple select question
select all that apply
from the following list, select all of the negative effects that global trade has on workers.
□ lowering of labor standards
□ reduction of jobs in wealthier nations due to outsourcing
□ fewer jobs globally and slowed economic growth
□ lower wages due to immigration

Explanation:

• Lowering of labor standards: Global trade can lead to a "race to the bottom" where countries weaken labor protections (like safety rules, minimum wage) to attract international businesses, harming workers.
• Reduction of jobs in wealthier nations due to outsourcing: Wealthier nation companies often move labor-intensive jobs to countries with lower labor costs, leaving domestic workers unemployed.
• Lower wages due to immigration: Increased immigration from lower-income regions (driven by global trade-linked economic shifts) can create more competition for low-skill jobs in wealthier nations, putting downward pressure on wages.
• Fewer jobs globally and slowed economic growth: Global trade generally increases overall global employment and drives economic growth by opening new markets, so this is not a negative effect.

Answer:

• Lowering of labor standards
• Reduction of jobs in wealthier nations due to outsourcing
• Lower wages due to immigration