We next consider job losses in the manufacture of appliances and electrical equipment (NAICS 335). Here we find household ranges, ovens, and surface heating units, refrigerators, freezers, laundry equipment, water heaters, small electrical appliances, and other household appliances; electric lighting fixtures and equipment, bulbs and tubes; and a variety of industrial equipment including power and distribution transformers, motors and generators, circuit breakers, panel boards, and switchgear, relays and industrial controls, storage batteries, fiber optic cable, power transmission and other communication and energy wire, switches and other wiring devices, carbon and graphite products, and miscellaneous other electrical equipment.
Manufacturing facilities in this subsector, which employed 647,500 workers at the beginning of 1990, employed an average 374,533 in 2014. The following figure and table illustrate those job losses:
After a dip following the 1990-91 recession, we see a slight recovery, then a flat line through the economic expansion of the 1990s, to 591,042 jobs in 2000. Following is a precipitous decline beginning after 2000, coincident with the 2001 recession and the granting of permanent most favored nation status and WTO membership to China. Declining less rapidly during 2003 through 2007, job losses accelerate again through the Great Recession, bottoming out at about 360,000 jobs in 2010. Since the low of 2010, employment has seen a recovery of about 15,000 (5%) of the 288,000 jobs lost since 1990, to an average of 374,533 jobs in 2014.
Between 1990 and 2014, the industries in the appliance and electrical equipment manufacturing subsector[i] shed more than four out of every ten jobs: a 44% decline in employment, more than 288,000 jobs in all.
GO TO Group 5.
[i] Industries in the Electrical Equipment, Appliance, and Component Manufacturing subsector manufacture products that generate, distribute and use electrical power. Electric Lighting Equipment Manufacturing establishments produce electric lamp bulbs, lighting fixtures, and parts. Household Appliance Manufacturing establishments make both small and major electrical appliances and parts. Electrical Equipment Manufacturing establishments make goods, such as electric motors, generators, transformers, and switchgear apparatus. Other Electrical Equipment and Component Manufacturing establishments make devices for storing electrical power (e.g., batteries), for transmitting electricity (e.g., insulated wire), and wiring devices (e.g., electrical outlets, fuse boxes, and light switches). The electrical equipment, appliance, and component manufacturing subsector consists of these industry groups: Electric Lighting Equipment Manufacturing (NAICS 3351); Household Appliance Manufacturing (NAICS 3352); Electrical Equipment Manufacturing (NAICS 3353); and Other Electrical Equipment and Component Manufacturing (NAICS 3359). [North American Industry Classification System, published at http://www.bls.gov/iag/tgs/iag335.htm.]
May 15, 2014, Ontario, CA - MIAA's founder, Jim Stuber, delivered the keynote address at the 20th annual World Trade Conference sponsored by the U.S. Department of Commerce and the California Inland Empire District Export Council in Ontario, California. To view the conference agenda, click here:
May 7, 2015, Radnor, PA. MIAA's founder, Jim Stuber, appeared as the guest of host Richard J. Anthony, Sr. on The Entrepreneur's Network TV at Radnor Studio 21. The program featured a discussion of the problems caused by offshoring manufacturing and white collar jobs and how consmers can solve the problem with their spending decisions.
Studio 21 has made the program available for viewing here: