Service based economy in the U.S.

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Monica R


Date added:

February 8, 2017








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This can have a good impact on the United States because it allows U.S. corporations to seek materials and labor outside of the U.S. in countries such as China, India, and Mexico, where workers are paid a lot less money than U.S. workers, thus allowing them to sell their products for significantly cheaper than if they were produced in the U...
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In the long run this will be beneficial for the U.S. and although some percentage of workers are losing work, new jobs in the services sector, in fields such as computer technology, telecommunications, and language skills are opening up and experiencing growth because of this change. The European Union will play a significant role in this because all of those countries are much more powerful and able as a whole than they are as individual entities...
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