3. The Economic Policy Institute article "Using Standard Models to Benchmark Costs of Globalization for American Workers Without a College degree" by Bivens (2013) discusses the microeconomic impact of increasing trade flows with less developed countries, particularly China throughout the past decade, and its hindrance on wages for American workers. Provide a short summary of the main arguments in this article.

https://www.epi.org/publication/standard-models-benchmark-costs-globalization/