Structural problems contribute to both unemployment and underemployment. Corporations have been disinvesting in the United States, displacing millions of people from their jobs. Economists refer to this displacement as the __________ of America.

Question

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Deindustrialization refers to the decline in industrial activity, including the closure or relocation of factories, which leads to job losses and economic decline in the affected regions. This has been a major contributor to unemployment and underemployment in the United States, particularly in areas that were once strongholds of manufacturing.

Structural Problems Contribute to Both Unemployment and Underemployment