What is one way that the low wages paid to workers in developing countries has had a negative effect on developed countries?
A.Workers in developed countries have experienced job loss.****
B.Profits for multinational corporations have fallen.
C.Trade between developed and developing countries has decreased.
D.Consumers in developed countries have to pay more for imports.
I agree.
thanks!
You're welcome.
The correct answer is A. Workers in developed countries have experienced job loss.
Explanation: The low wages paid to workers in developing countries have had a negative effect on developed countries primarily through job loss. When multinational corporations outsource their labor to countries with lower wage rates, jobs that would otherwise be available in developed countries are taken away. This can result in unemployment and underemployment, as workers in developed countries face intense competition from workers in countries with lower wages. This loss of jobs can have a detrimental impact on the economy of developed countries, leading to reduced economic growth, increased inequality, and social instability. To arrive at this answer, we need to understand the concept of outsourcing and its consequences on employment in developed countries.