When (and Where) Work Disappears”

MIT News; February 24, 2012

A new study co-authored by MIT econ­o­mist David Autor shows that the rapid rise in low-wage man­u­fac­tur­ing indus­tries over­seas has indeed had a sig­nif­i­cant impact on the United States. The dis­ap­pear­ance of U.S. man­u­fac­tur­ing jobs fre­quently leaves for­mer man­u­fac­tur­ing work­ers unem­ployed for years, if not per­ma­nently, while cre­at­ing a drag on local economies and rais­ing the amount of taxpayer-borne social insur­ance nec­es­sary to keep work­ers and their fam­i­lies afloat.”

 

By Peter Dizikes