Chinese workers earn only $.50 an hour; if we allow China to export as much as it

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"Chinese workers earn only $.50 an hour; if we allow China to export as much as it likes, our workers will be forced down to the same level. You can't import a $10 shirt without importing the $.50 wage that goes with it." Discuss.

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International Economics Theory & Policy

ISBN: 9780138002121

8th Edition

Authors: Paul R Krugman, Maurice Obstfeld

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Question Posted: Oct 02, 2024 06:00 AM

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Chinese workers earn only $.50 an hour; if we allow China to export as much as it

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International Economics Theory & Policy

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