To: DMaA who wrote (15721 ) 11/9/2003 8:46:53 PM From: KLP Respond to of 793670 Did find this: “Factory employment is falling worldwide.” The piece, in the Monday, Oct. 20, edition, WSJ, provided some myth-shattering information, such as: [Note the difference in Oct and Oct 27 dates] rrstar.com 888888888888888 Factory jobs are falling worldwide Shrinking employment base in U.S. also seen in other countries, study says, as global economy undergoes transformation -------------------------------------------------------------------------------- By Jon E. Hilsenrath And Rebecca Buckman The Wall Street Journal Originally published October 27, 2003 The U.S. manufacturing sector has gone through 38 grueling months of declining employment, but a new report shows that factory-job woes aren't just an American problem. From Brazil to Russia and yes, even to China, manufacturing jobs are disappearing around the globe. Economists at Alliance Capital Management LP in New York examined employment trends in 20 large economies and found that from 1995 to 2002, more than 22 million jobs in the manufacturing sector were eliminated, a decline of more than 11 percent. Contrary to conventional U.S. beliefs, the research found that American manufacturing workers weren't the biggest losers. The U.S. lost about two million manufacturing jobs in the 1995 to 2002 period, an 11 percent drop. But Brazil had a 20 percent decline. Japan's factory work force shed 16 percent of its jobs, while China's was down 15 percent. Joseph Carson, Alliance's director of global economic research, said the reasons for the declines were similar across the globe: Gains in technology and competitive pressure have forced factories to become more efficient, allowing them to boost output with far fewer workers. Indeed, even as manufacturing employment declined, Carson said, global industrial output rose more than 30 percent. He likens the trend to the global decline of agricultural employment in the last century as that sector became more productive. From 1910 to 1990, agricultural employment in the U.S. fell to 2.5 percent of total employment, from 32 percent; in the U.K., it fell to 2 percent, from 11 percent, and in Germany, it fell to 3 percent, from 34 percent, according to statistics provided by Douglas Irwin, a Dartmouth-based economic historian. REST AT:sunspot.net