Shifting Blame for Manufacturing Job Loss

Shifting Blame for Manufacturing Job Loss
Author:
Publisher:
Total Pages: 0
Release: 2004
Genre:
ISBN:

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Many economic observers have recently exonerated international trade flows for the hemorrhaging job losses in the manufacturing sector of the United States, generally claiming that either changing demand patterns or rapid productivity growth are the cause of manufacturing's decline. But the evidence shows that trade imbalances in manufacturing have accounted for 59% of the decline in manufacturing employment since 1998. The manufacturing sector lost more than three million jobs between 1998 and 2003, with 2.7 million lost since the immediate pre-recession year of 2000. Roughly coinciding with this manufacturing employment loss, the trade deficit in manufactured goods increased by over $230 billion. The synchronicity of large-scale manufacturing job loss and growing trade deficits has led to a debate about whether international trade flows have contributed to the loss of manufacturing jobs.

Do Not Blame Trade for the Decline in Manufacturing Jobs

Do Not Blame Trade for the Decline in Manufacturing Jobs
Author: Stephen J. Rose
Publisher:
Total Pages: 14
Release: 2021
Genre: Commerce
ISBN:

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The import problem is that anti-trader perspectives have focused on the several million jobs lost by manufacturing firms. As shown above, this is a small number, and the involuntary separations of American-based companies dwarf the negative effect of trade. The bottom line is that almost the entire decline from 32 percent of the labor force in 1955 to 8 percent in 2019 was not caused by imports but by higher productivity. This is a worldwide phenomenon, as even Germany and other countries with positive trade balances also had their shares of manufacturing employment suffer comparable declines. Job losses in Europe have been less contentious because European governments generally provide greater income and training support for displaced workers.

Saving American Manufacturing

Saving American Manufacturing
Author: William R. Killingsworth
Publisher: Business Expert Press
Total Pages: 302
Release: 2014-09-01
Genre: Business & Economics
ISBN: 1606496115

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In his new book, Bill Killingsworth documents the decline of economic and intellectual wealth caused by the loss of U.S. Manufacturing. His thought provoking analysis of this empirical data leads us back to the answers to save ourselves and generations to come. —Rick Jarman, President and Chief Executive Officer, National Center for Manufacturing Sciences Exceptional book—timely and insightful. His analysis is spot on, examples persuasive, and recommendations worth consideration at the highest level. A call to action we cannot ignore. —James Rogers, Major General (Retired), U.S. Army Drawing on his extensive experience, thorough research and obvious sense of responsibility, Dr. Killingsworth provides a comprehensive and provocative case for the importance of American manufacturing. This timely work should be required reading for anyone engaged with forming or leading economic policy. —Ralph L. Resnick, President and Executive Director, NCDMM, Founding Director, America Makes Dr. Killingsworth presents clear arguments as to why manufacturing is essential to the United States, and how our nation can capture, benefit, and drive the future of the world economy via embracing global concepts of manufacturing and taking the lead on innovating its future. —Thomas R. Kurfess, PhD, PE, Professor and HUSCO/Ramirez Distinguished Chair in Fluid Power and Motion Control, George W. Woodruff School of Mechanical Engineering, Georgia Institute of Technology Dr. Killingsworth paints one of the most definitive pictures of what has been happening over the last several years in the U.S. manufacturing sector. His statistical analysis and compelling anecdotal evidence contribute invaluable insights for scholars and policymakers alike. This is a must-read in Washington and around the country. —Neal Orringer, Vice President, Alliances and Partnerships, 3DSYSTEMS

From Financial Crisis to Stagnation

From Financial Crisis to Stagnation
Author: Thomas I. Palley
Publisher: Cambridge University Press
Total Pages: 257
Release: 2013-02-11
Genre: Business & Economics
ISBN: 1107612462

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This book offers a novel explanation of the financial crisis and Great Recession that emphasizes the destruction of shared prosperity over the past thirty years. This contrasts with "black swan" styled explanations that emphasize unexpected financial shocks and speculation. The book explains why the economy is now confronted with stagnation rather than the quick recovery predicted by other accounts.

Job Loss from Imports

Job Loss from Imports
Author: Lori G. Kletzer
Publisher: Peterson Institute
Total Pages: 148
Release: 2001
Genre: Business & Economics
ISBN: 9780881322965

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In this study of the medium-term effects of trade displacement on American workers, Kletzer uses worker-level data from the US Displaced Worker Surveys to examine the pattern of reemployment following trade-related job loss. She also analyzes regional and local labor market variations, and concludes by exploring the implications of her findings for US policy on linking the labor market and international trade.

Boom, Bust, Exodus

Boom, Bust, Exodus
Author: Chad Broughton
Publisher: Oxford University Press
Total Pages: 425
Release: 2016-08-31
Genre: Business & Economics
ISBN: 0190608862

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Following the story of the displacement of a Maytag refrigerator plant from Galesburg, Illinois, to Reynosa, Mexico in 2004, Boom, Bust, Exodus puts a human face on globalization, exploring the social side of the fast-moving changes sweeping across the U.S. and Mexico.

Neoliberalism and the Road to Inequality and Stagnation

Neoliberalism and the Road to Inequality and Stagnation
Author: Palley, Thomas I.
Publisher: Edward Elgar Publishing
Total Pages: 320
Release: 2021-11-05
Genre: Business & Economics
ISBN: 1802200088

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Tom Palley has made a significant contribution to understanding the meaning and significance of neoliberalism. This chronicle collects some of his best work to explain how global adoption of neoliberal policies over the past thirty years has increased income inequality and created tendencies to stagnation.

The New Old Economy

The New Old Economy
Author: Josh Whitford
Publisher: Oxford University Press, USA
Total Pages: 231
Release: 2005-11-03
Genre: Business & Economics
ISBN: 0199286019

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Josh Whitford examines the issues behind the crisis in American manufacturing, and describes the massive restructuring that has occured over the last quarter of a century. He engages with theoretical literatures concerned with the Network Organization and Institutional Analysis.