OECD: Offshoring and Cheap Imports May Hurt

The Wall Street Journal reports:

Globalization may be hurting low-skilled workers in the U.S. and Europe enough that politicians in both places may find it increasingly hard to sell voters on the benefits of free trade and open markets, says one of the world's leading economic institutes.

The Organization for Economic Cooperation and Development, a Paris-based institute backed by the governments of 30 leading industrialized countries, is a staunch believer in free trade, which most economists believe makes all countries richer overall, including those with high wages.

But in its annual labor study, the OECD acknowledges growing popular unease about globalization.

At virtually the same time Der Spiegel addresses the German 'labor paradox' and wonders where all the skilled workers have gone.

'Workers', George Grosz