Search SEARCH

What caused the reduction of manufacturing jobs here in the U.S. over the years?

What really caused the loss of manufacturing jobs over the years? Is it due to the fact that countries such as china have under-valued their currency making it cheaper for U.S. firms to move their businesses abroad to create cheaper products? Or is it more due to international specialization and trade, where many manufacturing jobs were lost as a result of specialization by different countries such as China and Japan therefore making these industries become opportunity costs to the U.S.? Or is it a little bit of both?

Asked By: Cruzr - 5/4/2010
Best Answer - Chosen by Asker
Ronald made some very good points. I work in an American company in the office in China. The ONLY reason they are here is due to the high cost of remaining in the US. cost of labor, insurance but the biggest reason is the looooooooong list of taxes imposed by government regulations... More
Answered By: Tony - 5/4/2010
Additional Answers (3)
NAFTA and the rise of China.
Answered By: Common Sense - 5/4/2010
 
Exporting manufacturing jobs is cheaper for US companies than maintaining the jobs domestically in the US. This is because... More
Answered By: Squash-Pumpkin - 5/4/2010
 
It is both but currency manipulation is a big part. You didn't mention American labor unions as a cause but they were very much to blame. The UAW and the steelworkers unions sh-t in their own mess kit. However, when you lose the manufacturing base you also lose the jobs and eventually people lose their buying power... More
Source(s):
Answered By: ronald.glass@sbcglobal.net - 5/4/2010
 
Sponsored results
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Jobs.Quick-com
Click. Search. Apply. Free!
www.JobDiagnosis.com
Get Your Degree Online Sooner than You Think. Financial Aid Options
Degree-Accredited.com/Degree
The most complete OFCCP solution at a price you won't want to ignore.
divercityassured.com

Other Career Questions

What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
3 answers - Asked By: drop pants not bombs!.♥ - 3/2/2010
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
4 answers - Asked By: bayebd24【ツ】 - 11/21/2007
Hi ok im 19 and about to start college to do an acess course into a university. Ive been browsing through all the courses and im tottaly stuck! I thought politics but im scared ill end up with some r...
1 answers - Asked By: roseparkerly - 1/26/2009

Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.

Popular Articles

Best-Paying Work-from-Home Jobs Article Rating
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook Article Rating
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
For Employers: Post Jobs | Search Resumes | Advertise
About Monster | Work for Monster | Advertise with Us | AdChoices | Partner with Us | Investor Relations | Social Media
Terms of Use | Privacy Center | Accessibility Center | Help | Security | Contact Us | Sitemap | Mobile
©2014 Monster - All Rights Reserved U.S. Patents No. 5,832,497; 7,599,930 B1; 7,827,125 and 7,836,060 MWW - Looking for Monster Cable? - V: 2014.1.40.24-304
eTrustLogo