DE-INDUSTRIALIZATION

The De-industrialization of the United States and the Rise of Finance

The De-industrialization of the United States and the Rise of Finance

Introduction

De-industrialization has caused a decline in the manufacturing concerns and migration of jobs in many nations. Corporations shifted their production facilities to areas where wages were low. The advancement in technology and the rise in inventions which required less human effort also decreased manufacturing jobs (Doyle, 2002).

Discussion

One of the prime examples is that of Detroit and the auto-industry. Such areas were considered of having high standards of living and high priority production areas, but now they are known as ...