Labor Market Decline
The decline of the labor market is easy to misinterpret （interpret）. There are many reasons for that. During the 1970s, large numbers of women and young adults _____（1）（bear） during the baby boom entered into the work force. That _____（2）（result） in too many workers for the jobs available and depressed wages. The decline also has something to do with the explosive _____（3）（grow） in world trade since 1960. As _____（4）（manufacture） technologies have become more mobile, production jobs have _____（5）（move） from the U.S. to countries where wages are low. In _____（6）（add）, technology itself has helped to cause the shifts in the job market. For example, _____（7）（few）American workers are needed to make steel today than in the past, because new _____（8）（machine） have made many of their tasks _____（9）（necessary）. Finally, the high rate of _____（10）（employment）caused by these factors has tended to drive wages down further.