Download e-book for iPad: Economic Restructuring of the American Midwest: Proceedings by Richard D. Bingham, Randall W. Eberts

By Richard D. Bingham, Randall W. Eberts

I suggest this e-book to the readers in such scientificfields as geography, economic system, sociology and concrete making plans. i'm sureit may be of gain to politicians and neighborhood planners in Europewhere a few towns and areas are faced with similarproblems.Geo-Journal

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Extra info for Economic Restructuring of the American Midwest: Proceedings of the Midwest Economic Restructuring Conference of the Federal Reserve Bank of Cleveland

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Average Annual Earnings per Worker in Akron's 11 Declining Major Groups in the Service Sector, 1986 SIC Code 41 76 66 70 78 79 55 48 86 56 42 Industry Title Average Annual Payroll per Worker Local and Interurban Passenger Transit Miscellaneous Repair Services Combined Real Estate, Insurance, etc. Hotel and Other Lodging Places Motion Pictures Amusement and Recreation Services Automotive Dealers and Service Stations Communication Membership Organizations Apparel and Accessory Stores Trucking and Warehousing Weighted Average 17,069 21,660 7,822 6,036 10,334 17,888 28,840 10,835 8,178 26,476 18,214 Source: Ohio Bureau of Employment Services, Labor Market Information Division, Workers Covered Under Ohio Unemployment Compensation Law (202 Series).

1 Demographic Changes The decline of the manufacturing base has been accompanied by a substantial decline in the population of the central city of Buffalo and also by a decline in the overall population of the metropolitan area. Between 1970 and 1980, the SMSA lost almost 95,000 people, and it is estimated that the region has lost another 38,000 since 1980. The only other major metropolitan regions to lose population in the 1980s have been Cleveland and Pittsburgh. Another disturbing feature of this shift in population is the demographic realignment or the "restructuring" of the age of the metropolitan population that we project to be a long-term result of the region's economic restructuring.

There are two explanations for Akron's weak economic recovery. First, Akron's industry mix still includes a greater share of the nation's slower-growing or declining major groups. Second, most major groups are growing more slowly in the Akron economy compared to the nation or are still in decline. The shift-share analysis for the 1983 to 1986 period reveals that if the Akron economy had mirrored the national economy, 26,076 new jobs would have been created instead of 21,328. Given Akron's industry mix, however, the increase in private jobs would have been reduced to 24,373 jobs.

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