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Which of the following is the reason for the shrinking of the middle class in the United States?
A. People are replacing robots in many manufacturing jobs.
B. Blue collar wages have been increasing as fast as other kinds of work.
C. People are not saving as much money as they used to.
D. Some jobs are outsourced to other countries.

Answer :

c.Some jobs are outsourced to other countries

The correct option is D. The reason for the shrinking of the middle class in the United States is some jobs are outsourced to other countries.

Outsourcing has resulted in high unemployment, revenue loss, and loss of competitive edge, leaving individuals unemployed and without a job.

Since 2000, more than 500,000 jobs have been outsourced,  Additionally, outsourcing has resulted in the loss of almost 250,000 additional employees. IT firms are the greatest offenders when it comes to outsourcing.

Why outsourcing is bad for the economy?

American labor, American manufacturers, American suppliers, and the standard of life for many families have all suffered irreparable harm as a result of outsourcing by American enterprises. The company might make some short-term money off of it, but eventually, its overseas rivals will win the technology and the market.

According to a recent study, globalization has reduced the middle class's share of income. Even the poorer segments of the population observed a fall in their income shares as compared to an increase in high-income shares. Developments in developing and transitional nations are what are responsible for this effect.

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