Expansions in globalization and the reduction of trade barriers world-wide during the 1980s and 1990s most likely had what effect on the demand for U.S. labor?
A)The demand for unskilled workers increased, while the demand for skilled workers decreased.
B)The demand for unskilled workers decreased, while the demand for skilled workers increased.
C)The demand for unskilled and skilled workers increased.
D)The demand for unskilled and skilled workers decreased.
E)The demand for unskilled workers increased, while the demand for skilled workers didn't change.

Question

Quizplus · Accepted Answer

The reduction of trade barriers and expansion of globalization increased the competition in labor-intensive industries, leading to a decrease in the demand for unskilled labor in the U.S. On the other hand, the demand for skilled labor increased in industries that were becoming more globally integrated and technologically advanced.

Expansions in Globalization and the Reduction of Trade Barriers World-Wide