HO Thinking about how LM structures one's econ life

HO Thinking about how LM structures one's econ life - The...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Trade policy allows for trade w nation X, that has few labor, health and environment regulations. Products made in country X are cheaper than equivalents in US. Consumers buy X’s version of product more than US version US manufacturer s close or move to nation X TO Low Demand for new labor Remaining jobs are o Non union o Unstable over time o Low pay o No or few benefits o Little development or “internal labor market” FROM : Hi Demand for labor Jobs are… o Unionized o Stable o Decent Pay o Benefits o Low initial skill demands and internal promotion ladders Labor Market for non college educated changes
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: The IMPACT of economic change: In places where the labor market is made up of a mix of white and blue collar workers and jobs, the impact of decline of the low skill labor market is somewhat offset by gains in the hi skill labor market and workers have a place to go if they can get more education. In places dominated by blue collar workers and jobs, the impact of the decline in manufacturing is like a depression. tr ct ra o di io s Thinking Structurally about Poverty and Inequality...
View Full Document

This note was uploaded on 03/25/2010 for the course SOC WORK 206 taught by Professor Lock during the Spring '10 term at Wisconsin.

Ask a homework question - tutors are online