Manufacturing job loss in the Rust Belt
A detailed look at the factors that have driven away jobs in the upper Midwest shows there's not just one cause
An in-depth look at the causes and effects of job loss in the northern Ohio and southern Michigan area by the Toledo Blade newspa per finds that there isn’t one culprit for the 5,300 jobs lost in the region over the last two years. Everything from trade agreements to a weakening economy to federal policies and energy cost spikes get part of the blame from regional officials.
While there’s no single cause of the problem, there’s also not one solution. And while Ohio officials are generally praised for their effort to attract new business to the region, the area lost out on the chance to bring a Volkswagen facility to Michigan when the company decided to locate to Tennessee instead .
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey