UNDERSTANDING THE EFFECTS OF GLOBAL TRADE DISRUPTIONS ON DOMESTIC LABOR MARKET OUTCOMES AND WAGE INEQUALITY
Abstract
Global trade disruptions have increasingly impacted domestic labor markets, reshaping employment patterns, wage structures, and inequality trends. This paper examines how shocks such as tariffs, trade wars, and supply chain interruptions influence domestic wage inequality, focusing on vulnerable industries and skill-based wage disparities. Through an analysis of pre-2023 literature, empirical data, and economic modeling, we aim to offer a comprehensive understanding of these dynamics.
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