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
Answered By: firstname.lastname@example.org - 5/4/2010
New job opportunities added daily. Search Virginia jobs now!
$21/hr Start, Avg Pay $72K/yr Check Our Map of the 1700 Openings.
Fill your tweets with tales of technology. Begin your tale today!
Click. Search. Apply. Free!
Other Career Questions
What jobs are there in the business field that are night jobs? Places and job titles please. Im have a BA in Business Admin and looking for a night job, already have a morning/day job.
Enumerate these jobs Say, patent application writting. patent application writing. In a company, what jobs are needed to keep confidential?
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.
Best-Paying Work-from-Home Jobs
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
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.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.