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Wage Inequality and Trade – data indicates a growing gap between the wages for skilled and...

Wage Inequality and Trade – data indicates a growing gap between the wages for skilled and unskilled labor, and several candidates have made this part of the Presidential campaign. What role has trade and immigration played in this process? What implications does outsourcing have for this trend? What policies, if any, should the U.S. take to offset this trend?

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Solution:-

The role that trade and immigration played in this process includes:

•Increase in the wages of labours due to rise in revenues.
•Increase in demands due to globalisation and privatisation.
•Scope of improvement due to increase in market shows rise in feedbacks .

The implications that outsourcing have for the trend is increase in the labor wages to eatablish good outputs and revenues. The US should work limiting the taxes so that the price of the product is not affected by the firm.

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