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U.S. Car-Making Boom? Not for Auto-Industry Workers
Keywords:
Automobile parts imports into the U.S. have increased from $89 billion in 2008 to $138 billion in 2014, up from only $31.7 billion in 1990. In a huge shift in wages with increasing global competition wages at an American Axle plant in Michigan at $10 an hour are about what Target stores and Wal-mart pay for retail workers. An new generation of workers in manufacturing are seeing a shift from being in the middle class during their parents generation to lower class, with this downward pressure on wages as parts are manufactured in places such as Mexico and China.
The other roots of increasing inequality in the U.S.- global competition and sourcing, the case of the U.S. auto industry and manufacturing workers
03/24/2015
Auto parts imports into the U.S. from Mexico have increased by 86% since 2008, more than doubled for China. As wages rise in China, India is the next source country for low cost automobile parts from auto industry hubs in Gujarat and Tamilnadu, placing continuous downward pressure on manufacturing wages for the next decade, and the next. Parts imports were $32 billion in 1990, $138 billion in 2014. Workers in manufacturing make as low as $10 an hour today, similar to workers at Wal-Mart. An entire generation of manufacturing workers are now shifted from middle class to lower class from their parents generation to their own, reducing educational mobility in the American system and fewer opportunities for improvement. As more jobs are created in manufacturing than in IT related industries this is a significant hurdle for improving wages and employment in the U.S.
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Wall Street Journal 03/24/2015
Income Inequality Is Costing the U.S. on Social Issues
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Economic-Ladder Concerns Trump Income Gap in Poll
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A previous generation could count on good jobs in manufacturing with only a high school education. The last two decades of globalization have hit manufacturing jobs and wages in the U.S. hard and the impact is greatest on people without a college education. Other problems aggravating income and causing poverty is the increase of dropout rates from the labor force of young white American men, the effects of drug use and the lack of stable marraiges. This creates an underclass of whites in America, similiar to the underclass among minorities.
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The need for a strong and growing manufacturing base in the U.S. is one key realization for business leaders from the heads of Boeing, Intel and GE, and other business leaders to leaders in government. Failure to do this simply breeds a sense of pessimism about the future and creates an economy that leaves many productive people jobless, creates unsustainable trade deficits and foreign borrowing. Jeffrey Immelt says this in an op-ed piece in the Washington Post on the day he is appointed to head the President's Council on Jobs.
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Does America Need Manufacturing?
New York Times 08/24/2011
Andy Grove: How America Can Create Jobs
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Growth isn’t enough to help the middle class - The Washington Post
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Whirlpool Shifts Some Production to U.S. From Mexico
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China's Export Pain May Be Mexico's Gain
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Bayer: Pressure on Prices Has Bad Side Effects
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Whirlpool Shifts Some Production to U.S. From Mexico
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Caterpillar Union Bows to Demands
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Tech's hugely negative effect on Jobs- reports by the Economist magazine and other research showing severe effect on jobs and incomes
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One Oxford University study goes so far as to say 47% of U.S. jobs could be automated in the next 20 years. Clerical jobs are rapidly being automated and manufacturing can be done with a small number of workers.
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U.S. Car-Making Boom? Not for Auto-Industry Workers
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Workers in U.S. manufacturing plants in 2015- global competition, U.S. competitiveness and downward pressure on wages
03/24/2015
Workers who were once in the middle class are now lower class as conditions have changed in the automobile and other U.S. manufacturing plants. As more jobs are created in manufacturing than in IT related industries, this is a significant factor in improving U.S. employment and wages. There is an 86% increase in imports of parts from Mexico since 2008, over double for China.
Grouped Articles
U.S. Car-Making Boom? Not for Auto-Industry Workers
Wall Street Journal 03/24/2015
U.S. Trade Gap Widens on Surging Imports
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Dollar’s Rise Lifts Imports and Widens Trade Gap
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Mexican Auto Production Sets Record in April
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Wages, benefits and productivity in U.S. manufacturing 2005-2015
01/01/2010
Grouped Articles
Does America Need Manufacturing?
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Whirlpool Shifts Some Production to U.S. From Mexico
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Wall Street Journal 10/02/2010
Wall Street Journal 01/06/2012
U.S. Productivity Growth Has Taken a Dive
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Falling Wages at Factories Squeeze the Middle Class
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Amy Goldstein on life and work in U.S. communities with a eroding manufacturing base such as Janesville, Wisconsin
04/07/2009
Grouped Articles
Andy Grove: How America Can Create Jobs
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Wall Street Journal 10/02/2010
China's Export Pain May Be Mexico's Gain
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Bayer: Pressure on Prices Has Bad Side Effects
Wall Street Journal 02/07/2012
New York Times 02/08/2012
Economy Falling Years Behind Full Speed
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Comparitive advantage, free trade, jobs and the role of manufacturing in the U.S.
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Grouped Articles
Does America Need Manufacturing?
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Bayer: Pressure on Prices Has Bad Side Effects
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Strong Dollar Stands in Manufacturing Sector’s Way
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The White House’s claim that 800,000 manufacturing jobs were added during Obama’s presidency
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The Auto Industry Bailout and Mitt Romney
01/06/2008
Mitt Romney opposed the auto industry bailout. An article by Romney with the title "Let Detroit Go Bankrupt," appeared in the New York Times at the time of the bailout. Auto executive Bob Lutz says he was profoundly disappointed by Romeny's position, as the situation was at a point where government loans were necessary. Auto executives see the vindication of their position in the recovery of Chrysler, GM and Ford Motor. In a bit of irony Romney, who is from Michigan, announced his candidacy for the 2008 presidential election at the Ford Museum in Dearborn. GM and Chrysler went into bankruptcy, but this was a planned bankruptcy, with the support of the U.S. government and a pathway set with loans and conditions so that would lead to eventual recovery. The fear was that a chaotic bankruptcy process would permanently impair the American auto manufacturing industry- and the planned bankruptcy with government conditions and loans was meant to avert this and still allow shedding or restructuring of burdensome obligations- as this way buyers would still have confidence to buy automobiles from GM and Chrysler. Auto executives point out that the private markets had already shut out GM and Chrysler from financing. Retired GE executive supported a planned bankruptcy with government help, because of the importance of the auto industry to the U.S. economy, in the Nov. 18, 2008 issue of Business Week.
Grouped Articles
Cost of Bailouts Continues to Decline
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U.S. Remaining Stake in General Motors
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Bailout Stand Trails Romney in Car Country
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Airbus manufacturing in the U.S.
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Airbus-Boeing Speed Race Increasingly Takes Place on the Ground
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Airbus Set to Open Jetliner Production Plant in the U.S.
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Airbus's New Push: Made in the U.S.A.
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The special role of manufacturing in keeping the U.S. economy strong.
07/01/2010
Grouped Articles
Does America Need Manufacturing?
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Andy Grove: How America Can Create Jobs
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Wall Street Journal 10/02/2010
Why Manufacturing Still Counts in the U.S. Economy
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Strong Dollar Stands in Manufacturing Sector’s Way
Wall Street Journal 03/16/2015
U.S. Car-Making Boom? Not for Auto-Industry Workers
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Apple iPhone manufacturing in China, and the U.S. trade deficit
07/01/2010
How much of the iPhone is manufactured in China? 3.6% by China's Hon Hai, but this does not account for South Korean and Japanese suppliers using manufacturing bases in China. German suppliers also have Chinese factories. Production costs at Hon Hai itself are rock bottom, as a result the other parts would be too expensive if not manufactured in China. Reliable statistics would include the value of all suppliers who build i-phone parts in China and take into account the impact on the US of manufacturing jobs that would otherwise be available in the US.
Grouped Articles
Andy Grove: How America Can Create Jobs
BusinessWeek 07/01/2010
US-China trade relations: Speak less softly, carry a stick
Economist 09/25/2010
Wall Street Journal 10/02/2010
Apple Says App Store Sales Rose 50% in 2014
Wall Street Journal 01/09/2015
U.S. Car-Making Boom? Not for Auto-Industry Workers
Wall Street Journal 03/24/2015
Apple Services Shut Down in China in Startling About-Face
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How trade agreements hurt workers in the U.S. automobile industry and other manufacturing sectors
04/07/2011
Linked Articles
U.S. Car-Making Boom? Not for Auto-Industry Workers
Wall Street Journal 03/24/2015
The Hidden Job Crisis for American Men
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