"Trade reform has also been linked to increased income disparity as skilled workers have captured more benefits from globalization than their unskilled counterparts"
- Stephen F. Lynch
About this Quote
This quote by Stephen F. Lynch recommends that trade reform has had a negative result on earnings variation. Trade reform has actually enabled experienced workers to benefit more from globalization than their unskilled equivalents. This has led to a widening gap between the incomes of competent and unskilled workers, as the knowledgeable employees have been able to make the most of the chances presented by globalization more than the inexperienced employees. This has resulted in an increase in earnings inequality, as the skilled workers have had the ability to enjoy more of the rewards of globalization than the unskilled workers. This quote highlights the requirement for policies that can assist to decrease income inequality and guarantee that all employees, despite their ability level, can benefit from globalization.
About the Author