How could U.S. workers possibly compete with foreign workers who are making wages that are only...
How could U.S. workers possibly compete with foreign workers who are making wages that are only one-fifth of the wages of U.S. workers?
Homework Answers
To compete with the workers of Foreign nations that are making a very low wages the US workers can increase the productivity for example if a worker in the US makes $50 as a wage and produce 100 gods in an hour that will be preferred over a worker earning only $10 an hour and producing only 15 goods.
Us workers will have to increase the productivity of the goods to compete with lower wages.
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How could U.S. workers possibly compete with foreign workers who
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market. As you can see, the exchange rate (in terms of
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