In 1-2 sentences, analyze one example of a change to the global economy and an impact on the economies and labor forces of Europe and the U.S. after 1945.
The rise of globalization with the increase in international trade post-1945 has led to economic growth in Europe and the U.S., as well as increased integration of their labor forces. However, this has also resulted in job losses in certain industries as businesses seek cheaper labor abroad, leading to shifts in both economies towards service and knowledge-based industries.
