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2006-11-28 02:43:38 · 4 answers · asked by R C 1 in Social Science Economics

4 answers

When it is free-trade and not fair-trade!

2006-11-28 02:46:45 · answer #1 · answered by Kelly L 5 · 0 0

most of the time international trade worked as a threat to workers because of the following reasons
1) Capital incentive Techniques thats why unemployment
2) Unemployment lead to poverty
3) Low wages and more work
4) Deteriorate labour legislations etc

2006-11-28 10:51:21 · answer #2 · answered by chandan_bora 1 · 0 0

International trade is a threat when it takes away a job that someone has and gives it away to someone in another state for a cheaper labor.
It hurts the economy due to people loosing jobs and then they have to try to find another in an already failing nation.

2006-11-28 10:48:59 · answer #3 · answered by uldatnmo 2 · 0 0

It's not. The greatest threat for workers is technology, which makes their skills obsolete and replaces them with machines.

The world as a whole is losing manufacturing jobs. The highest rate of manufacturing jobs loss between 1995 and 2002 was observed in Brazil (19.9%), Japan (16.1%), and China (15.3%). U.S., South Korea, and Britain fared slightly better (11.3%, 11.6%, and 12.4% respectively).

In the U.S., manufacturing share or GDP remained relatively constant (16-18%) since 1960, while its share of non-farm employment dropped from 27.7% in 1962 to 11.5% in 2002.

Another threat is demographics. Aging of population means that more and more people shift their buying away from homes, cars, and gadgets towards long-term care. The job market is beginning to reflect this; in California, the fastest-growing occupations include home health aides and nursing home aides, whose average pay barely exceeds $20,000 a year...

2006-11-28 13:20:07 · answer #4 · answered by NC 7 · 0 0

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