Ummm... GROWTH FIGURES in the same sectors. Manufacturing, etc. The thing here is the impact on workers; aka "the people."quote:Ummm, both the North and the South are growing economically, meaning no net loss on either side.
quote:The decline in manufacturing jobs has swiftly accelerated since the beginning of 2000. Since then, more than 1.9 million factory jobs have been cut "” about 10% of the sector's workforce. During the same period, the number of jobs outside manufacturing has risen close to 2%
quote:Many of the factory jobs are being cut as companies respond to a sharp rise in global competition. Unable to raise prices "” and often forced to cut them "” companies must find any way they can to reduce costs and hang onto profits.
Jobs are increasingly being moved abroad as companies take advantage of lower labor costs and position themselves to sell products to a growing "” and promising "” market abroad. Economy.com, an economic consulting firm in West Chester, Pa., estimates 1.3 million manufacturing jobs have been moved abroad since the beginning of 1992 "” the bulk coming in the last three years. Most of those jobs have gone to Mexico and East Asia.
How about now?
QUESTION: How is there "pain" when there is no Net TANGIBLE Loss (i.e. something that can be felt or touched)?quote:Many in manufacturing disagree that the sector is dying. They say it's just changing. The sector's output grew for a decade through 2000 before weakening during the economic downturn in 2001 that swept across the economy but hit the manufacturing sector hardest.
...economists say the change in manufacturing, albeit painful, is healthy for the sector and for the overall economy in the long run.
How can someone run the risk of being unemployed when NOTHING IS LOST?? Hmmm....quote:"It's an ongoing process, but it obviously means that people who fall behind in the accumulation of skills find their incomes advance more slowly, and they suffer a greater risk of unemployment..."