The USA Manufacturing Workforce Essay

Between 1865 and 1920, industrialization caused significant changes in many people’s lives. First, the development of a new railroad system help settle the west and made it more accessible to people. Second, public transit systems in big cities provided an outlet from congested cities. Last, the discovery of a method for transmitting electricity helped to light up our daily lives. I feel that these are three of the most important changes in people’s lives caused by industrialization.

Beginning with unemployment in the 2007-2009 recession, U.S. unemployment rates peaked at 10% as well as held 41 consecutive months at rates higher than eight percent (Lazear 1). The U.S. economy plummeted during this time; many attributed the shift to a large decrease in the number of employed workers. To be able to better understand the unemployment issue, we must first examine the form of unemployment faced by the U.S. economy. Many believe that the changes faced by the U.S. labor market

In 2009, the Obama Administration bailed out the General Motors and Chrysler automobile companies. Having begun their decent into bankruptcy in 2008, losing thousands of jobs, sales plummeting forty percent, with a high threat of liquidation, General Motors and Chrysler finally reached government-assisted chapter 11 bankruptcy in 2009. Obama allocated eighty five billion dollars in TARP funds to the auto industry, close to fifty billion dollars of it going to General Motors. The allocated funds were successful in keeping two of the Big Three auto companies afloat, keeping taxes from sky rocketing and saving millions of jobs.

This was just two years after the automobile industry government bailout and automobile manufacturing accounts for more than 20 percent of the state 's economy (Bury, 2012). According to Comerica Bank 's Michigan Economic Activity Index, Michigan 's economy reached a 10-year high in 2011 and 67,000 jobs were created (Henderson, 2012).

On December 18th 2014 the auto industry bailout ordeal came to a close when the US Treasury Department sold the last of its stock in General Motors, for 19 billion dollars, in the end recouping about 39 billion out of 50.1 billion that was pumped into the Big Three automakers at the tail end of 2008 by the Bush and Obama administrations (Muller). The big question that comes up in the end of this ordeal by many people on both sides of the party line is that, was all this worth it? What would have happened if we didn’t bail out the automotive industry?

In 2008 and the years after, the auto industry along with most other industries suffered greatly due to the recession. This impacted Detroit, the Motor City, greatly. Thousands of people were out of work, many companies leaving the area, and the overall moral of the city changed.

Recently, we have all heard about the financial crisis. Many industries have suffered beginning from the banks, the first and worst hit industry. Since many were retrenched, the consumer-based industries have suffered. This time, the auto industry was hit. Three big auto companies, General Motors, Daimler Chrysler LLC and Ford, were in trouble this time. The $14 billion emergency loan for the companies was cancelled as the Senate failed to approve of it. Why did they do so? What effects will it have?

In 2009 the American auto industry was in a dire economic state. Chrysler was in Chapter 11, GM was on the brink of bankruptcy, and Ford’s future was at best uncertain. The demise of the U.S. auto industry would have a devastating impact on our national economy and specifically the economies of Michigan and Ohio.

The UK automobile industry has been best known for the high end and sports cars such as Aston Martin, Jaguar, Bentley, Land Rover, McLaren, Lotus, Daimler, Mini and Rolls-Royce. There are also volume car manufacturers who have a major presence in the UK such as Nissan, Ford, Toyota, and Honda. The UK automobile manufacturing industry had a total turnover of 52.5billion euros in 2008 which is divided as 26.6 billion from exports. Close to 1.5 million passenger cars were produced with another 200,000 being commercial vehicles. The UK automobile industry employs about 180,000 people directly with another 600,000 being employed in automobile supplies, retail sales and service centers. The UK automobile industry also consists of the 3.2 million engines that are produced which also contribute significantly to the supply for the automobile manufacturers. The auto racing and motorsport industry also employs about 39,000 people with a turnover of about 6 billion euros. As a result of the huge turnover of the UK automobile industry which translates to huge tax returns for the government and the thousands upon thousands of jobs that the industry creates both directly and indirectly, the UK automobile industry is considered to be highly beneficial to the UK economy(Great Britain: Parliament: House of Commons: Business and Enterprise Committee and Luff, 2009).

Q1. Based on the 2004 statement of profit and loss data (Exhibits 1 and 2), do you agree with Water’s decision to keep product 103?

Industrial psychology is concerned with people at work. It is also called personnel psychology. A closely related field is known as organizational psychology. Traditionally, industrial psychologists have assessed differences among individual workers and have evaluated individual jobs. Organizational psychologists generally seek to understand how workers function in an organization, and how the organization functions in society.

The financial crisis starting in 2008 and the following recession hit hard the US auto sector. Traditional car makers had to realise that substantial changes were needed in order to maintain their strong position in the

The ability to adapt as a manager is crucial, as 21st century leaders are currently working in a complex environment of constant change (Tamkin, 2016). Global production is always being innovated and developed to make it more efficient and to cut costs, therefore leaders of companies must always be up to date with current affairs. At the moment, China is the world’s leader of manufacturing, with over 38.1% of global manufacturing occurring there in 2013 (Hodgson, 2014). This is mostly due to the large workforce it can supply and the low minimum wage. However, large companies are starting to leave China and move to other countries for their manufacturing (Rapoza, 2012) as a result of their steadily rising minimum wage, poorly controlled regulations and a rapidly aging workforce due to their recently abolished one child policy. With China declining in popularity with firms to manufacture in, it is likely over the next 4 years it will become increasingly less popular. This will give way to the rise in popularity of other emerging markets such as India who are acquiring stronger representation in global production chains (Tamkin, 2016). The second biggest manufacturer in the world is America, which is expected to overtake China as the world’s leader of manufacturing by 2020. The main factor that contributes towards this change is recent developments in technology. As Tamkin stated in 2016 “Technological developments are slowly dissolving the boundaries between sectors and are

GM was the largest automakers in the world for more than 70 years. It produced more than half vehicles in USA market 50 years ago. But it fell down to less 20% in 2009.it was caused by a series missteps.

Economist Nicholas Kaldor theorized the structural transformation of the manufacturing sector as the engine of growth and stipulated that there exist a close relationship with the gross domestic product of a nation. After independence, India's manufacturing sector has developed through several phases from the underlying industrialization and the license raj to liberalization and the present period of worldwide competitiveness. However, still, the share of this sector in overall GDP has stagnated since 1980 and was only 15.8% in 2010-11. Furthermore, India has not been able to make their presence felt in the worldwide for manufacturing products to a far greater extent than similar levels of developing countries in Asia, where the share was