offshoring mainly through changes in relative wages rather than changes in relative employment. This runs counter to the …

The paper analyzes the influence of minimum wages on firms’ incentive to train their employees. We show that this … influence rests on two countervailing effects: minimum wages (i) augment wage compression and thereby raise firms’ incentives to … minimum wages give rise to skills inequality: a rise in the minimum wage leads to less training for low-ability workers and …

ones who earn low wages). Second, by raising the payoff of low-skilled work relative to skilled work, low-wage subsidies …

We investigate the impact of offshoring on individual level wages and unemployment probabilities and pay particular … significant reduction in wages as materials offshoring increases, while permanent workers’ wages are unaffected or even tend to … effects on either wages or employment probabilities in manufacturing. In the service industries, workers are affected in terms …