Trade tends to:
Trade tends to:
increase wages in developed countries but decrease wages in lesser-developed countries.
decrease wages in developed countries but increase wages in lesser-developed countries.
increase wages in all countries.
decrease wages in all countries.
Trade tends to:
decrease wages in developed countries but increase wages in lesser-developed countries.
This is often due to the comparative advantage that developing countries have in labor-intensive industries, which can lead to job creation and wage increases in those countries. Conversely, in developed countries, trade can lead to job displacement in certain sectors, which may put downward pressure on wages in those industries.