Labour displacement due to import competition
- Unemployment due to lower cost production in other countries
- Competing labour markets
Claim
Huge numbers of jobs are being lost because local domestic industries are unable to compete with competition from low-cost countries of the world.
Counter-claim
Europe seems not to notice that its unemployment problems have more to do with its overvalued currencies, hugely wasteful farm subsidies, and social systems that discourage mobility and flexibility of labour, than with Asian sweatshop labour destroying European industries.
Broader
Aggravates
Aggravated by
Related
Strategy
Value
SDG
Metadata
Database
World problems
Type
(E) Emanations of other problems
Biological classification
N/A
Subject
Commerce » Conditions of trade
Commerce » Import, export
Commerce » Purchasing, supplying
Industry » Production
Social activity » Human resources » Human resources
Social activity » Unemployment
Social activity » Work
Content quality
Unpresentable
Language
English
1A4N
J4721
DOCID
12047210
D7NID
149451
Last update
Oct 4, 2020