Benefits of automation have accrued to high-skilled workers, leaving lower-skilled workers vulnerable. | © shutterstock.com Global manufacturing has undergone a remarkable transformation in recent decades, moving from a landscape dominated by offshoring to one increasingly characterized by reshoring and protectionism. This shift reflects not just evolving economic realities but also the complex interplay of technological advancements and socio-political pressures—factors that have significant implications for labor markets and overall welfare. The Rise of Offshoring
In the years leading up to the 2008 Great Recession, offshoring became a key strategy for many companies seeking to maximize profits. By relocating low-skilled […]
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