Globalization Has Lowered Wages for American Workers, New EPI Study Finds

Washington, DC–(ENEWSPF)–March 22, 2013.  While trade’s impact on the American economy is a frequent topic in Washington, much of the debate centers on the macroeconomic effects of the trade deficit on GDP. However, trade has also had an important microeconomic effect. Growing trade between the United States and developing countries, particularly trade with China, has reduced wages for non-college educated American workers while increasing the wage premium earned by college-educated workers.