Usually means: Competitive decline in standards, quality.
Definitions Related words Mentions
We found 3 dictionaries that define the word race to the bottom:

General (2 matching dictionaries)
  1. race to_the_bottom: Wiktionary
  2. Race to the bottom: Wikipedia, the Free Encyclopedia

Slang (1 matching dictionary)
  1. race to_the_bottom: Urban Dictionary

Definitions from Wiktionary (race to the bottom)

noun:  (economics) A situation in which competition between governments leads to very excessive (harmful) deregulation.
noun:  A situation in which competition between entities leads to elimination of perks or amenities, often in the interest of cutting costs.
noun:  Any situation in which multiple parties are seemingly competing to achieve the greatest level of mediocrity.

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