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Trade Agreements

International Trade and Its Effects on Jobs, Wages, and Working Conditions

Learning Objectives

By the end of this section, you will be able to:

  • Discuss how international trade influences the job market
  • Analyze the opportunity cost of protectionism
  • Explain how international trade impacts wages, labor standards, and working conditions

In theory at least, imports might injure workers in several different ways: fewer jobs, lower wages, or poor working conditions. Let's consider these in turn.


Source: Rice University, https://opentextbc.ca/principlesofeconomics/chapter/34-2-international-trade-and-its-effects-on-jobs-wages-and-working-conditions/
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