Labour displacement due to import competition
Name(s):
Unemployment due to lower cost production in other countries
Competing labour markets
Claim
Huge numbers of jobs are being lost because local domestic industries are unable to compete with competition from low-cost countries of the world.
Counter-claim
Europe seems not to notice that its unemployment problems have more to do with its overvalued currencies, hugely wasteful farm subsidies, and social systems that discourage mobility and flexibility of labour, than with Asian sweatshop labour destroying European industries.
Broader
Aggravated by
Strategy(ies)
Value(s)
Type
(E) Emanations of other problems