The structural transformations that have occurred in the economy have been most profound for the corporate class, which has been the hardest hit by the economic transformation.

Question

Quizplus · Accepted Answer

The statement is false. The corporate class has actually benefited greatly from the economic transformation, with many corporations becoming more profitable and powerful than ever before. The structural transformations have had a more profound impact on working-class and middle-class individuals, who have experienced job displacement, wage stagnation, and decreasing social mobility.

The Structural Transformations That Have Occurred in the Economy Have