Discussion 3 economic challenges

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.

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Some major economic challenges facing our society today, and in particular our generation are:

1.Economic recovery from Covid-19 pandemic

2.Unemployment

3.Growing income inequality and slow growing wages

4.Job skills gap

5.Increasing migration

6.Increasing health care costs

7.Less competitive U.S. markets and consumer confidence

According to Shaw, the three main challenges are the outsourcing of jobs, U.S. trade deficit, short-term business results, and changing work ethics.

Outsourcing impacts the U.S. unemployment rate and allows U.S. companies to be competitive in the global marketplace. Many foreign employees are hired in emerging markets to help keep labor costs low for technology, call centers,

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