Economics, Econometrics and Finance
4 years ago

Global trade lowers worker wages and bargaining power, study finds.

RePEc: Research Papers in Economics
Has International Trade Affected Workers?Bargaining Power?
Ellen Brock, Sabien Dobbelaere

Paper Summary

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International trade has affected workers' wages and bargaining power in the Belgian manufacturing industry from 1987 to 1995. By studying over 12,000 firms, researchers found that foreign competition lowers both wages and profits per worker. Technological advancements also impact workers' bargaining power. Globalization plays a role in these changes.