I don't know how general the "race" is, but there is a tendency for international
direct investment to set different groups of workers in competition with each other,
lowering wages relative to labor productivity.
Jim
-----Original Message-----
From: Doug Henwood [mailto:[EMAIL PROTECTED]
Sent: Tue 10/21/2003 4:25 PM
To: [EMAIL PROTECTED]
Cc:
Subject: Re: [PEN-L] Cancun
Devine, James wrote:
> >Wages in the United States are higher than when NAFTA took effect, <
>
>but are they higher relative to labor productivity?
That's not the issue. I was refuting the common notion that there's a
generalized "race to the bottom." There isn't.
Doug
