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
In a year when manufacturing continued to lead the economic rebound, it makes sense that plant manager bonuses rebounded. Plant Engineering’s annual Salary Survey shows both wages and bonuses rose in 2012 after a retreat the year before.
Average salary across all job titles for plant floor management rose 3.5% to $95,446, and bonus compensation jumped to $15,162, a 4.2% increase from the 2010 level and double the 2011 total, which showed a sharp drop in bonus.