Case summary:
The case deals about the importance of the manufacturing sector. The employment opportunities and development of the service sector does not mean that the manufacturing sector is not important to the economy. Technological innovation and outsourcing decreases the employment opportunity in the manufacturing sector.
The case strongly states that manufacturing sector is the source of innovation and the innovation would generate job in the future.
To determine: The importance of losing manufacturing jobs to the nation.
Explanation of Solution
The importance of losing manufacturing jobs to the nation is as follows:
Service sectors are important for many countries, as more than 70 percent of the employment opportunities of the countries is depends on the raise of service based industries. It continues to increase in future. Hence, service sector is crucial.
However, the improvement of service sector is based on the manufacturing sector, as the service sector is the dependent of manufacturing sector directly and indirectly. In addition to that, manufacturing sectors holds the large percentage of exports.
Losses of manufacturing jobs would result in loss of service jobs.
Want to see more full solutions like this?
Chapter 1 Solutions
Operations Management (13th Edition With Chapters Selected By Buddhadev Roychoudhury)
- Give an example of how the usage of automation boosts employment numbers. Why is this so?arrow_forwardWhat are some ways that accepting service sector workers can benefit the community? What changes may the community experience when accepting these workers?arrow_forwardWhat are the three most important factor for increased labour productivity?arrow_forward
- Look for an organization that has Enterprise Resource Planning system and state how it impact or benefit the entire business process. In terms of : HUMAN RESOURCE, ACCOUNTING, MARKETING, AND SUPPLY CHAIN.arrow_forwardDifferentiate advantages and disadvantages of various means of eliminating labour shortage?arrow_forwardSince 1980, inequality in the US has increased, to a large extent due to a widening gap be- tween the wage earned by workers with a college degree relative to those without a college degree—the skill premium. Somewhat surprisingly, this increase in the skill premium took place precisely at the same time as the US workforce was becoming more and more educated. Explain why this is surprising and provide one explanation for the observed increase in the skill premium observed since the 1980s.arrow_forward
- “The Tucson Metro Chamber created the Construction and Design Sector Partnership about a year ago, to bring industry leaders together to discuss and solve workforce development issues and challenges. Each of the leaders represent a different component of the industry, but there is one thing that unites us—the need for talented and skilled labour. With that said, we wanted to share a quick glimpse into how the pandemic has affected the construction and design industry.” Considering the statement above, the construction industry had to adapt and make necessary changes to work successfully and safely during the pandemic. Discuss the changes that have been made to the everyday work environment as identified.arrow_forwardIdentification 2. It is where many employers seek workers and many workers seek work.arrow_forwardWhat are the benefits and drawbacks of changing the size of the workforce to satisfy market needs at different times?arrow_forward
- Discuss what is a Global Value Chain and are they good or bad for workers?arrow_forwardDiscuss what are the three most important factor for increased labour productivity?arrow_forwardCan you suggest some activities the government  ( federal, state, or local ) can take to stem the job loss?arrow_forward
- Practical Management ScienceOperations ManagementISBN:9781337406659Author:WINSTON, Wayne L.Publisher:Cengage,Operations ManagementOperations ManagementISBN:9781259667473Author:William J StevensonPublisher:McGraw-Hill EducationOperations and Supply Chain Management (Mcgraw-hi...Operations ManagementISBN:9781259666100Author:F. Robert Jacobs, Richard B ChasePublisher:McGraw-Hill Education
- Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage LearningProduction and Operations Analysis, Seventh Editi...Operations ManagementISBN:9781478623069Author:Steven Nahmias, Tava Lennon OlsenPublisher:Waveland Press, Inc.