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* Dave Dahl…
Despite a new report painting Illinois as a job-loser – particularly in terms of the number of jobs it has lost to China in recent years – a state business leader chooses to look ahead.
“The manufacturing sector, beginning in the year 2000, had roughly 900,000 jobs. Today we’re at roughly 600,000,” says Mark Denzler, vice president and chief operating officer of the Illinois Manufacturers’ Association. “Since the year 2010, Illinois has seen a small rebound in manufacturing jobs; we’ve gained about 17,000.”
The Economic Policy Institute says Illinois ranks fourth in the nation in number of jobs lost to China – 132,500 – this century. Denzler says one reason is that Illinois and the states above it – California, Texas, and New York – are among the most populous states in the nation.
* The study is here.
According to the report, Illinois’ 6th Congressional District, represented by Peter Roskam, was one of the hardest hit in the country, with computers and electronic parts accounting for 75.5 percent of the jobs lost.
The 8th CD ranked 56th on the list, with the 10th closely behind at 58th.
posted by Rich Miller
Monday, Dec 15, 14 @ 1:33 pm
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I can believe that the 6th was hit hard. A lot of factory and assembly jobs in the area went away in the Addison, Wooddale, Itasca, Hoffman Estates, Schaumburg, Roselle, Hanover Park,etc. area. The whole corridor along the Elgin-O’Hare used to be very flush with those kinds of jobs.
Hopefully this dude is right and we’re starting a recovery of sorts.
Comment by A guy... Monday, Dec 15, 14 @ 2:05 pm
So that’s what all the fuss about devaluaing the yen is all about…
From the report (near the bottom):
A recent report from EPI shows that full revaluation of the yuan and other undervalued Asian currencies would reduce the U.S. trade deficit by between $200 billion and $500 billion within three years, thereby increasing U.S. GDP by as much as $720 billion, adding up to 5.8 million U.S. jobs, and reducing the federal budget deficit by up to $266 billion per year and increasing net state and local fiscal resources by up to $101 billion per year (Scott 2014a). Revaluation would also help workers in China and other Asian countries by reducing inflationary overheating and increasing workers’ purchasing power.
Comment by Dan Johnson Monday, Dec 15, 14 @ 2:09 pm
When auto and steel manufacturing went by the wayside, we thought tech jobs were the answer. Apparently they can be outsourced to China as well. What industry will be next?
Comment by The Colossus of Roads Monday, Dec 15, 14 @ 2:21 pm
Didn’t they all go to Texas because our corporate taxes were too high? No? Thought not.
Comment by walker Monday, Dec 15, 14 @ 2:28 pm
C o R, whens the last time you bought a car made in China?
U.S. auto manufacturing jobs are up about 130,000 since 2009 to 790,000, according to the auto alliance.
Robotics are the long-term driver for loss of jobs in that industry. Domestic content laws championed by Reagan ended the practice of dumping excess capacity from foreign plants.
They’re also the reason you can still buy a Harley.
Comment by Wordslinger Monday, Dec 15, 14 @ 2:53 pm