Globalization leads to 17% wage losses for American workers.
Globalization has led to lower wages for American workers by shifting them from higher-paying manufacturing jobs to other sectors. This was found by analyzing data from 1984 to 2002, showing that workers who changed occupations due to trade experienced wage losses of 12 to 17 percentage points. Industry exposure to globalization did not have a significant impact on wages, but occupational exposure did.