The Decline in Manufacturing Employment

Manufacturing Employment

Foner pointed out that in the 1990s Walmart emerged as the nation’s largest employer, whereas it had been General Motors in the 1970s. The shift which took place in 1990s, symbolizes the way the whole economy was shifting toward a service economy, a retail economy, and de-industrialization, as well as the continuing decline of manufacturing in the United States due to globalization, the shifting of jobs overseas in search of cheap labor, and the increasing importation of manufactured goods into United States. The problem with that was that the manufacturing jobs were very well paid and had strong union protections, pensions, and health benefits, and many of the jobs in this newer area were low-paying and offered very few benefits, so this became a problem for the American standard of living.