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Layoffs were also due in part to the globilization of the economy. Cheaper labor can be found in other countries, which results in the closing of American factories or a drastic cut in pay for workers. Corporate downsizing, atomization, and an aging population have also contributed to this change in the type of work available (Rifkin 177). As most Americans used to be in the same economic bracket regardless of their line of work, today a worker's real competitive position in the world economy depends on what kind of job they have (Jacobus 253). Education is the key to creating the worker's demanded from businesses today...
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