Question

What do you see as the major economic challenges facing our society today and, in particular, your generation? Address the impact outsourcing jobs, the U.S. trade deficit, the exclusive focus on short-term profits, and changing attitudes toward work have each had on the U.S. economy.

Answer 1

Answer: The major economic challenges facing our society today and in our generation and the impact: · Americans are losing jobs as businesses close down. This has been contributed in part by the high cost of labor in the united states. • As a result many franufacturing companies prefer Setting up in countries like china where labor is cheap other products back to the US and and exporting the countries. This has led to balance of trade deficit and threatens the living standards of the us citizens who can't find jobs to fend for their families.