Wage inequality has been on the rise in all high-income industrial economies since the 1970s. The causes are probably numerous. Explain carefully how trade can have an effect on income inequality....

Extracted text: Wage inequality has been on the rise in all high-income industrial economies since the 1970s. The causes are probably numerous. Explain carefully how trade can have an effect on income inequality. Provide two other distinct explanations for the increase in wage inequality and careflly discuss how each has affected the wage inequality. Edit View Insert Format Tools Table 12pt v Paragraph v B I U A


Extracted text: "Chinese workers earn only $.50 an hour; if we allow China to export as much as it likes, our workers will be forced down to the same level. You can't import a $10 shirt without importing the $.50 wage that goes with it." Do you agree or not with the statement above? Discuss in the context of the Ricardian Model. Edit View Insert Format Tools Table 12pt v Paragraph v BIU