It Is Argued That If a Rich High Wage Country

question 23

Essay

It is argued that if a rich high wage country such as the United States were to expand trade with a relatively poor and low wage country such as Mexico, then U.S. industry would migrate south, and U.S. wages would fall to the level of Mexico's. What do you think about this argument?

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Definitions:

Urban Middle Class

A socioeconomic group typically living in urban areas, characterized by their education, income, and white-collar occupations.

Torches of Freedom

A phrase associated with a public relations campaign organized in the 1920s to encourage women to smoke cigarettes as a symbol of equal rights and freedom.

Personal Freedom

The rights and liberties that allow individuals to act freely without undue restraint or interference from government or other individuals.

Prohibition

The period from 1920 to 1933 in the United States when the manufacture, sale, and transportation of alcoholic beverages were banned by constitutional amendment.