“The rapid deployment of fiber-optic networks, the internet, and personal computers has fundamentally altered how American companies operate. Functions that once required physical proximity—such as data processing, customer service, and software development—can now be performed instantaneously by workers located anywhere in the world. While these advances have reduced costs for corporations and lowered prices for consumers, they have simultaneously exposed American clerical and technical workers to direct international competition. The stability of the mid-century corporate career is being replaced by a highly flexible, but far less secure, global labor market.”
—Testimony before a congressional subcommittee on economic technology, 1998
The developments described in the excerpt most directly contributed to which of the following economic trends in the United States during the late twentieth and early twenty-first centuries?
- AThe revitalization of traditional heavy manufacturing industries in the Rust Belt
- BA shift toward government-planned economic models that directly managed technological production
- The outsourcing of service-sector and information-based jobs to foreign marketsCevap
- DThe widespread return to protectionist trade policies and high tariffs to isolate the domestic economy