Final answer:
American jobs have been lost in major industries while jobs in other industries have increased.
Step-by-step explanation:
The statement is true. American jobs have been lost in major industries such as the automobile, steel, textile, footwear, and consumer electronics, while jobs in the aircraft, computers, entertainment, and finance industries have increased.
There are several factors contributing to the loss of jobs in certain industries. One reason is that manufacturing jobs have been outsourced to developing nations with lower labor costs, leading to a decline in the secondary economic sector in the United States. Additionally, advancements in technology and changes in consumer preferences have impacted industries like automobile manufacturing.
For example, the fuel crisis in the 1970s and the shift towards imported cars with better gas mileage led to a decline in U.S. auto manufacturing. During the 2007-2009 recession, the U.S. government provided emergency funding for major auto companies, highlighting their vulnerability compared to foreign competitors like Toyota and Honda.