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Global integration has at least two potential impacts on American wages. Assume further that there are just two sectors in the U. If this sounds unrealistic, remember that this is a story about what matters over a reasonably long period of time.

First, workers employed in industries directly in competition with low-cost imports from abroad can expect to see immediate job dislocation and/or downward wage pressures. While people obviously do not lose an apparel job on Monday and begin working at Boeing on Tuesday, in the relatively fluid American economy, people do switch across many economic sectors throughout their working lives.

Because it is well-known that basic economic theory predicts that global integration leads to gains for all nations, this anxiety is often treated as a political puzzle.

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An important caveat, however, notes that even as globalization raises national income, it can still reduce the incomes of most workers. can be divided into workers (those who supply labor) and professionals (those who also supply additional skills, capital, and credentials). Workers and professionals can work in either sector.These example sentences are selected automatically from various online news sources to reflect current usage of the word 'table.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. These example sentences are selected automatically from various online news sources to reflect current usage of the word 'table.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors.



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