What Happens to the Relative Demands for and Wages of High-Skilled

question 17

Short Answer

What happens to the relative demands for and wages of high-skilled labor in both the home country and the outsourced (foreign) country when offshoring occurs?

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Definitions:

Rationalization

The process of explaining an often undesirable behavior or feeling in a logically acceptable way, distancing oneself from the true underlying motivations.

Ethical Course

A direction of action that aligns with moral principles and professional integrity.

Misconception

A misconception is a view or opinion that is incorrect because it is based on faulty thinking or understanding.

Rationalizing

Rationalizing involves justifying actions or decisions, often in a way that avoids the true reasons or excuses behaviors.