Journal Article

Trade and wages: choosing among alternative explanations


Abstract: North-South trade competition cannot be an explanation for the adverse trend for U.S. unskilled wages. If wage competition in these industries from abroad pushed down wages, then prices of these goods should also have gone down, and they have not. Also VERs and anti-dumping measures have protected exactly the wage earners supposedly threatened.

Keywords: International trade; Labor turnover; Labor unions; Wages;

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Bibliographic Information

Provider: Federal Reserve Bank of New York

Part of Series: Economic Policy Review

Issue: Jan

Pages: 42-47

Order Number: v. 1. no. 1