Journal Article

The internationalization of the U.S. labor market and the wage structure


Abstract: The increasing internationalization of the U.S. labor market has had important effects on the wage structure. Immigration has probably increased wage inequality because recent immigrant waves tend to be less skilled than earlier waves. Growing trade deficits in durable goods have also increased wage inequality by reducing the relatively high wages of less-skilled workers in these industries and by displacing workers from them.

Keywords: Emigration and immigration; International trade; Labor market; Wages;

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Bibliographic Information

Provider: Federal Reserve Bank of New York

Part of Series: Economic Policy Review

Issue: Jan

Pages: 3-8

Order Number: v. 1. no. 1