Correct! Because of increased trade low skill workers in rich and poor countries more and more compete for the same work. This raises the value of low skilled workers in poor countries where their incomes gone way up but lowers their value in rich countries where their incomes have stagnated.<p>In my opinion this is a clearly a good thing as their are many more low skilled people in poor countries and they are much much poorer. So a few hundred million forego raises to lift more than a billion out of abject poverty. Seems like good deal.