6.02.2004

Manufacturing job losses to continue, says new study The Manufacturer.com (6/2004)

he drop in manufacturing jobs in the United States isn’t likely to slow down soon, according to a study released by the nonprofit organization The Conference Board in May.
The drop in manufacturing jobs in the United States isn’t likely to slow down soon, according to a study released by the nonprofit organization The Conference Board in May.

[snip]

"While job destruction and job creation are part of the regular fabric of economic activity year in and year out, manufacturing is drawing attention because job losses remain high and are not being made up by greater job creation in expansions," said Dr. Robert McGuckin, author of the study and director of economic research at The Conference Board, in a statement.

[snip]

However, not all manufacturing job losses are due to outsourcing, offshoring and moving production abroad, says the study. Some involve temporary layoffs and permanent reallocations from one industry to another in response to shifts in consumer demand, or improvements in technology.

So if job losses are to be expected, why get rid of those jobs that aren't permanently 'destroyed' or 'reallocated' with offshoring? Why? Because there's money in offshoring and if you aren't on top then you don't matter.

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