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Explain labor issues associated with global trade

User SAPLogix
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Final answer:

International trade can lead to job losses in some industries and new job opportunities in others. It can also raise concerns about labor standards and working conditions.

Step-by-step explanation:

International trade can have both positive and negative effects on labor. On one hand, it can lead to job losses in industries where a country does not have a comparative advantage, as those industries may struggle to compete with imports. On the other hand, it can create new job opportunities in industries where the country has a comparative advantage.

Furthermore, labor standards and working conditions can vary greatly in different countries. Workers in low-income countries may face substandard working conditions and low wages compared to workers in higher-income countries. This can be a concern when engaging in global trade, as it may perpetuate or exacerbate these disparities.

User Nghia Luong
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