Problem $1(25$ pts$)$

There has been a shift in jobs from the manufacturing sector to the service sector in the United States. Please prepare a table and compare jobs in the manufacturing sector and jobs in the service sector along at least five different dimensions. For example, one dimension is wages for workers. Many service jobs are minimum wage, while hourly wages for manufacturing jobs have historically exceeded the minimum wage by a substantial margin.

Problem $2(25$ pts$)$

Please list five types of industries in the United States that have been hardest hit by foreign competition. For example, the clothing and textile industries have suffered because of overseas competition. For each type of industries, please discuss the potential threats to the United States and whether and what actions might be taken to alleviate the impact of foreign competition.

Problem $3(25pts)$

What was the purpose of the North American Free Trade Agreement $($NAFTA$)$ which was established in $1994?$ Is there evidence that jobs were lost because of NAFTA? The US$-$MexicoCanada Agreement $($USMCA$)$ was established in $2018.$ What factors contributed to replacing NAFTA with USMCA?

Problem $4(25pts)$

Please discuss how JIT methods cut down or eliminate waste in receipt of material into the plant and movement of material through the plant.