PPRuNe Forums - View Single Post - New Report: Effect of Liberalisation on Jobs
Old 16th Mar 2004, 22:05
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answer=42

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Flawyer,

Yes, this is more or less what would be expected. Also, with a larger market for the specific skills, there could be a reduction in variability over time of employment and perhaps wages. Greater competition might reduce the gap between the highest wages and the industry median. If there is a shake-out of 'straggler firms' at the start of liberalisation, it might also mean a reduction in the gap between median wages and the lowest. But this is just speculation.

Could you please expand on:
'The situation within the US domestic market reduces the impact of liberalisation on the US industry.'

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