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Whitney Jackson
on Nov 05, 2024

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It is a valid argument that industries need to be protected from foreign competition because foreign wages are substantially lower than wages paid to U.S. workers.

Foreign Competition

The presence and influence of international companies in a domestic market, which can affect local businesses.

Foreign Wages

This refers to the rates of pay for workers in countries other than the home country, significant in discussions of outsourcing, labor markets, and international competitiveness.

U.S. Workers

Individuals working in the United States, encompassing all sectors and types of employment.

  • Understand the rationales behind the support and criticism of protectionism in the context of international trading.
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KS
Kayla StricklandNov 11, 2024
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