B. The Future of the Manufacturing Industry
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Transcript B. The Future of the Manufacturing Industry
THE FUTURE
OF THE
MANUFACTURING
INDUSTRY
Samantha
Wieczorek
AGENDA
Methodology
Background
Question at Hand
Employment Trends
Reason for Employment Trends
Manufacturing Today
METHOD
Scholarly articles & interviews with industry
professionals
Analyzed trends that have companies
rethinking their supply chains
Focus of employment is in the Manufacturing Sector
only
RESEARCH QUESTIONS?
Has the Decline in Manufacturing jobs been
solely due to Globalization?
What is the Current Trend in the
Manufacturing Sector?
How will this impact the U.S. Economy?
BACKGROUND
U.S. has had strong industrial background since the
late 1700’s.
Plants were large in scale in both human capital &
size
Encompassed 34% of all jobs in 1930’s.
Decline in blue collar jobs have caused many to
think that globalization is to blame for our slowly
recovering economy
REASONS FOR DECLINE
Globalization
Industrial V Service Economy
Education levels Increase
Technology Advancements
Increase productivity, lowers demand for
human capital
Political Influences
War in Afghanistan
War on Terrorism
Learning Technology Services
Inspiring Innovation. Learn more at www.uwstout.edu
MANUFACTURING EMPLOYMENT
20000
18000
16000
14000
12000
10000
8000
6000
4000
2000
0
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
April
1997
# of Jobs (in Thousands)
April
Year
Source: Bureau of Labor Statistics
MULTIPLIER EFFECT
1 in 6 private Sector Jobs depends on
Manufacturing
Role Types
Construction
Mining
Transportation
Warehousing
Manufacturing supports 18.6 million jobs in
the U.S.
11.8 Million directly in Manufacturing
Move Back to the U.S.
TREND & IMPACT
Despite competitive wage,
manufacturing employment
is not sought after
Manufacturing to
underdeveloped countries
continues
More companies have
shifted back to the U.S., but
jobs are not coming with
QUESTIONS?