Answer to Question #237767 in Microeconomics for skwiejay

Question

How does globalization affect the demand for high and low skilled workers across the globe

Answer 1

Globalization is clearly contributing to increased integration of labor markets whereby Low skilled workers are able to learn from high skilled workers since all skills are presented in the market .

Globalization has then led to increased demand for high skilled workers and decreased demand for low skilled workers since the world is adopting to using technology that requires high skilled workers.