The 'China Shock' as a Cause of US Income Inequality
The 'China shock' is identified as another key driver of rising US income inequality. This phenomenon began after China joined the World Trade Organization in 2001, which led to a surge of Chinese manufactured goods on the world market. As a result, workers in specific US industries, including furniture, garments, toys, and electronics, lost their jobs. These displaced workers typically moved into lower-paid, less secure work or exited the labor force.
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Introduction to Macroeconomics Course
Ch.2 Unemployment, wages, and inequality: Supply-side policies and institutions - The Economy 2.0 Macroeconomics @ CORE Econ
The Economy 2.0 Macroeconomics @ CORE Econ
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The 'China Shock' as a Cause of US Income Inequality
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