Many profitable American companies eliminate jobs every year.This trend can most likely be attributed to which of the following factors?

Question

Quizplus · Accepted Answer

Increasing corporate competition is likely the main factor causing profitable American companies to eliminate jobs every year. Companies are constantly striving to increase profitability and remain competitive, which often leads to cost-cutting measures such as reducing the workforce. Decreasing benefits costs and retirement age, as well as increasing union membership, may also play a role, but are not as significant as corporate competition.

Many Profitable American Companies Eliminate Jobs Every Year