How does global trade affect people in negative ways

Mainstream economic thought holds that world trade benefits all parties involved; however, trade has a downside as well. Negative effects of international trade include lost jobs and greater wage inequality.

International trade is known to reduce real wages in certain sectors, leading to a loss of wage income for a segment of the population. However, cheaper imports can also reduce domestic consumer prices, and the magnitude of this impact may be larger than any potential effect occurring through wages.