Phrases with «race to the bottom»
The race to the bottom is a socio-economic phrase which is used to describe government deregulation of the business environment, or reduction in tax rates, in order to attract or retain economic activity in their jurisdictions. (Wikipedia) (See all definitions)
Sentences with «race to the bottom» (usage examples):
- «I've read some statements lately where you see other industry leaders talking about value with words like it's a race to the bottom, or you don't ever win on value, and I will tell you we just couldn't be more philosophically opposed to that,» says Thalberg. (adage.com)
- Of course, for the average investor, indexing has shown to be a much more reliable way to invest over the long-term and as a result indexing the market has become a commodity and the race to the bottom on pricing has now reached the point that firms like Charles Schwab will provide the service for free! (fundrise.com)
- Further still, the model in general doesn't appeal to all publishers/developers (some have explicitly stated as such), as it's kind of turning the industry into a «race to the bottom» kind of situation. (reddit.com)
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