Economic Challenges in the U.S. Since 1980

Throughout the late 20th and early 21st centuries, the United States underwent a series of significant economic challenges that influenced its domestic and foreign policies. Among these, the transition from a manufacturing-based economy to a service-oriented economy has been pivotal. This shift brought about various implications, particularly in terms of employment and economic inequality.

By the early 2000s, the emergence of the technology sector further complicated the economic landscape, raising questions about the future of jobs in traditional industries. As financial institutions evolved, deregulation became a key theme in the national discourse, influencing economic stability and risk accountability, culminating in the 2008 financial crisis. Understanding these trends is critical to addressing the challenges of the American economy in the present.

Which of the following options best identifies a major economic challenge faced by the United States during this period?