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rewrite the following Major economic challenges facing society today include outsourcing jobs, the U.S. trade deficit, a focus on short-term profits, and changing attitudes toward
rewrite the following Major economic challenges facing society today include outsourcing jobs, the U.S. trade deficit, a focus on short-term profits, and changing attitudes toward work. Outsourcing has led to significant job losses and wage stagnation in the U.S., particularly in manufacturing. This shift has created skill gaps as the economy moves towards tech-driven jobs, exacerbating economic inequality. The U.S. trade deficit further strains the economy by increasing national debt and weakening domestic industries unable to compete with cheaper imports. This deficit also affects currency value and purchasing power. Corporations' focus on short-term profits undermines long-term growth, as they often cut essential investments in R
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