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An example of a "race to the bottom" can be seen in the global garment industry, where companies relocate production to countries with the lowest labor costs to maximize profits. This often results in poor working conditions, low wages, and minimal environmental regulations in those countries, as governments may compete to attract foreign investment by undercutting labor standards. Consequently, workers are exploited, and there is a lack of accountability for unethical practices. This dynamic ultimately undermines labor rights and can lead to detrimental societal impacts.

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1mo ago

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