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DAY 1Introduction Passage1The “deindustrialization” thesis of Bluestone and Harrison asserts that the replacement of domestic with foreign manufacturing begun by United States corporations in the late 1960s resulted in a “hollowing out” of American industry, whereby workers displaced from manufacturing jobs through massive plant closings found themselves moving more or less permanently into lower-paying, less secure jobs or into unemployment. Critics of the deindustrialization thesis have argued that new service and high-technology sectors of the United States economy have recently created a substantial number of jobs. While these critics do not deny the painful aspects of this transition from an industrial to a service- and information-based economy, they argue that it will be short-term, and a necessary evil if the United States is to have long-term increases in living standards. Critics of the emerging economy, however, point to disturbing evidence of an “hourglass” effect: a shrinking middle tier of managerial and blue-collar unionized workers and consequent polarization of incomes. The emergence of a technical and financial elite, they argue, has brought forth a host of low-wage jobs to service the new economy, and it is this service sector that many ex-industrial workers must seek.1. The purpose of the passage is toA. analyze the events that contributed to an economic phenomenonB. present different views on the nature and impact of an economic phenomenonC. distinguish between the short-term and long-term effects of an economic phenomenonD. challenge a dominant theory about how to solve the problems created by an economic phenomenonE. present new evidence to suggest that an economic phenomenon is more complex than had previously been believed2. Which of the following, if true, would most tend to weaken the deindustrialization thesis of Bluestone and Harrison?A. a survey of the spouses of former industrial workers reveals a significant increase in the number of
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