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Definition race to the bottom in American English

race to the bottom noun

noun
/ˌreɪs tə ðə ˈbɑtəm/
1

a situation in which companies compete with each other to pay workers as little as possible and produce goods and services as cheaply as possible

Example

A race to the bottom is forcing entire countries and their workforces to compete against each other for trade and investment.

Synonyms and related words
Definition race to the bottom in American English