The trade deficit leads to job losses for many American workers and also result in many low-wage service jobs.

Question

Quizplus · Accepted Answer

When the US imports more goods and services than it exports, it leads to a trade deficit, which can cause job losses in industries that face import competition. This can include manufacturing jobs that are shifted to countries with lower labor costs, as well as jobs in industries that support manufacturing, such as transportation or logistics. In addition, a trade deficit can also result in the growth of low-wage service jobs, such as retail or hospitality, which may be used to fill the void left by higher-paying jobs lost due to trade competition.

The Trade Deficit Leads to Job Losses for Many American