Deindustrialization in the Granite State

Duggan examines the factors that causes the loss of manufacturing jobs in US including Kingsbury Machine Tool in Keen, New Hampshire, which became a symbol of modernity in 1969. Duggan learned that a dramatic technological shift from mass production to flexible production, precisely in the 1980s cau...

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Bibliographic Details
Published in:Dollars & sense (Somerville, Mass.) Mass.), 2017-11 (333), p.9
Main Author: Duggan, Marie Christine
Format: Magazinearticle
Language:English
Subjects:
Machine tools
Manufacturing
Monetary policy
Technological change
Unemployment
Online Access:Get full text
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Summary:Duggan examines the factors that causes the loss of manufacturing jobs in US including Kingsbury Machine Tool in Keen, New Hampshire, which became a symbol of modernity in 1969. Duggan learned that a dramatic technological shift from mass production to flexible production, precisely in the 1980s causes the decline of industry-wide profits in machine tools and assumed that the decline in U.S. jobs has less to do with external forces than Americans seem to think, and more to do with the policies taken (or not taken) inside the United States itself. He adds that the erratic monetary policy turns out to be another ingredient in the decline of manufacturing jobs between 1978 and 2012.
ISSN:0012-5245