abundant Europe and the high-wage, labor scarce New World. Those global forces contributed to a reduction in unskilled labor … scarcity in the New World and to a rise in unskilled labor scarcity in Europe. Thus, it contributed to rising inequality in … overseas countries, like the United States, and falling inequality in most of Europe. Falling unskilled labor scarcity and …

global economy. It builds on the models of Davis (1997a, b) of trade between a flexible wage America and a rigid wage Europe …

the unskilled. By contrast, in Europe it is undoubtedly the rise and persistence of unemployment. Technology has been …

populist politicians highlight. The first has been predominant in Latin America, and the second in Europe. I argue that these …