In 1-2 sentences, analyze one example of a change to the global economy and an impact on the economies and labor forces of Europe and the U.S. after 1945. (2 points)

Answer 1

The rise of globalization and free trade agreements led to increased competition and outsourcing of manufacturing jobs from Europe and the U.S. to lower-wage countries, causing job losses and wage stagnation among the middle class in both regions. This shift also resulted in the growth of service-based economies in Europe and the U.S., with a greater emphasis on technology, finance, and skilled labor.