Economics

Will falling domestic labor compensation share really be improved when global trade slowdown?

L. Wang and T. S. Ramsey

This research by Lei Wang and Thomas Stephen Ramsey delves into how Global Value Chain participation influences domestic labor compensation share across 51 economies from 2000 to 2018. The findings reveal a troubling trend: GVC participation overall negatively impacts labor compensation share, but forward participation could provide stability. Discover key insights and suggested policies that could enhance labor compensation amid changing global dynamics.

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Playback language: English

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