How Imports Have Depressed U.S. Workers' Wages

Critics of America's liberal trade and immigration policies have often argued that they have depressed U.S. wages. Now, in a new National Bureau of Economic Research working paper, economists George J. Borjas, Richard T. Freeman, and Lawrence F. Katz provide some hard estimates of such effects. Their study focuses on the wid-ening gap in earnings between les- ser-educated and higher-educated workers during the 1980s -- a period during which college graduates' wages rose in real terms while real earnings of lesser-educated workers either failed to grow or actually declined.

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