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deff fn [24]
3 years ago
10

Help me please!! - How has the decline of manufacturing jobs impacted wealth inequality?

Social Studies
1 answer:
Ainat [17]3 years ago
5 0

Answer:

<em><u>In most developing economies, the share of manufacturing jobs has levelled off at relatively low levels as labour has shifted from agriculture to services, largely bypassing the manufacturing sector.</u></em><em><u>The data shows that productivity increases have had a very large impact on manufacturing jobs. The value of domestically produced manufacturing shipments more than doubled between 1963 and 2015, in real dollars.</u></em><em><u>The change in skills required to perform new tasks in manufacturing, along with import competition and a decline in mobility, have contributed to the decline of employment rate for manufacturing since 2000.</u></em><em><u>Therefore, while the U.S. population grew 9.7 percent between 2000 and 2010, there were much fewer manufacturing jobs for the workers to </u></em><em><u>fill.</u></em><em><u>That's why</u></em><em><u> </u></em><em><u>the decline of manufacturing jobs</u></em><em><u> </u></em><em><u>has</u></em><em><u> </u></em><em><u>impacted wealth inequality</u></em><em><u>.</u></em><em><u> </u></em>

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