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cheaplabour
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The answer CHEAPLABOUR has 1 possible clue(s) in existing crosswords.
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The word CHEAPLABOUR is NOT valid in any word game. (Sorry, you cannot play CHEAPLABOUR in Scrabble, Words With Friends etc)
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Definitions of cheaplabour in various dictionaries:
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Possible Crossword Clues |
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Not quite a free hand |
Last Seen in these Crosswords & Puzzles |
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Mar 22 2018 The Telegraph - Toughie |
Cheaplabour might refer to |
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Global labor arbitrage is an economic phenomenon where, as a result of the removal of or disintegration of barriers to international trade, jobs move to nations where labor and the cost of doing business (such as environmental regulations) is inexpensive and/or impoverished labor moves to nations with higher paying jobs.Two common barriers to international trade are tariffs (politically imposed) and the costs of transporting goods across oceans. With the advent of the Internet, the decrease of the costs of telecommunications, and the possibility of near-instantaneous document transfer, the barriers to the trade of intellectual work product, which is essentially, any kind of work that can be performed on a computer (such as computer programming) or that makes use of a college education, have been greatly reduced. * Often, a prosperous nation (such as the United States) will remove its barriers to international trade, integrating its labor market with those of nations with a lower cost of labor (such as India, China, and Mexico), resulting in a shifting of jobs from the prosperous nation to the developing one. The end result is an increase in the supply of labor relative to the demand for labor, which means a decrease in costs and a decrease in wages. |