How does globalization affect wage inequality?
An example of an AI chatbot conversation about globalization and its impact on wage inequality.
How does globalization affect wage inequality?
Globalization can lead to wage inequality by increasing competition for jobs, often benefiting skilled workers more than unskilled ones.
Can you explain why skilled workers benefit more?
Skilled workers are often in higher demand due to their ability to adapt to new technologies and processes, leading to higher wages.
What about unskilled workers? Are they losing jobs?
Yes, unskilled workers may face job losses as companies seek cheaper labor abroad or automate tasks, widening the wage gap.
Are there any solutions to address this wage inequality?
Solutions include investing in education and training programs, implementing fair labor practices, and promoting inclusive economic policies.
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