For those of you who desire government centrally controlled economies

[Lost Student]

Originally Posted by ChinoCoug

google "stolper-samuelson theorem"

Okay, so in my limited understanding, this is saying that as long as someone here is more skilled than workers other countries, their wages will increase, while those with the same or less skill will decrease to be on par with the wages of the other countries.

Is my statement a correct application of the theorem? (Sincere question; my entire economics education consists of Kearl's Econ 110 class 5 years ago.)

edit: Page 5 pwnt