Keyword: opportunity costs
Opportunities Pay (9/5/2005)
Job security of American workers whose opportunity costs are higher but whose labor productivity is no higher than foreign workers will be increasingly threatened by foreign competition.
Keywords: arbitrage, labor market, location-specific, offshoring, opportunity costs, outsourcing, wages
The Seduction of Cheap Labor (8/31/2005)
Cheap immigrant labor has kept labor-intensive lettuce farming in America that should perhaps have been offshored or mechanized.
Keywords: cheap labor, immigrant workers, immigrants, labor market, lettuce, offshoring, opportunity costs, wage