Accordingly, manyeconomistsargue thattrade accounts for at leastsomeof thegrowingwagedisparity between high-and low-skilled workers in America, Britainandotheradvancedeconomies.
They say the dynamics of trade with low-wage emerging markets are different: Even some who preach the virtues of free trade suggest China's and India's growing weight and move to more sophisticated products may contribute to sluggish wage increases in the U.S. and a widening gap between job-market winners and losers.
Remember the story of that once-great nation that sacrificed its well-paying manufacturing jobs for low-wage, burger-flipping jobs at the altar of free trade?