We now turn to the first stage in the cascade of effects, a slack labor market.
The immediate indirect effect of the loss of millions of manufacturing jobs has been to reduce demand for workers, creating slack in the labor market. But the question arises, have the manufacturing job losses been made up through employment in other industries? To answer that question, we must begin with an assessment of the general employment situation.
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: