3 ms·
>In the case of low-skill labor the rise of China has hurt some US low-skill workers (although US workers as a whole are almost certainly better off due to lowe
by gozur88 11y ago
>In the case of low-skill labor the rise of China has hurt some US low-skill workers (although US workers as a whole are almost certainly better off due to lower prices).
That (along with immigration) explains the rise in income inequality in the US. If you have marketable skills you benefit from access to larger consumer markets. If you don't, though, you suffer from access to large pools of unskilled labor.