Saturday, January 21, 2012

Flushing manufacturing down the toilet

This is just a quick little blurb.

Staff, Modern Material Handling, 17 January 2012.

The United States lost 28 percent of its high-technology manufacturing jobs over the last decade, as the nation’s rapidly shrinking lead in science and technology in the global marketplace was accompanied by a toll on U.S. high-tech jobs, according to a new study released today by the National Science Board (NSB), the policy making body for the National Science Foundation.

One of the most dramatic signs of this trend was the loss of 687,000 high-technology manufacturing jobs since 2000….

On top of the lost manufacturing employment, U.S. multinational corporations are rapidly expanding their R&D jobs overseas. From 1994–2004, U.S. firms established R&D jobs abroad at a relatively slow annual rate of 3 percent, increasing the share of their R&D employment overseas from 14 percent to 16 percent. But according to preliminary figures,in the five years after that (2004–2009, the number of new R&D jobs overseas took off, growing to 27 percent of all R&D jobs at these U.S. firms. Since 2004, about 85 percent of R&D employment growth in U.S. multinational corporations has been abroad.

It is not because we are losing our technical edge.  It is all about wage arbitrage, and to some degree moving closer to your purchasers.   Science jobs in the United States have some of the lowest pay per education ratios: almost as bad as social workers, and architects.

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