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Overview of Midwest Workforce. Bill Testa Federal Reserve Bank of Chicago November 21, 2002. Workforce features. Marginally high income/high wage region A “blue-collar” region; manufacturing concentration”. Region of manufacturing. Region of manufacturing. Workforce features.

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overview of midwest workforce

Overview of Midwest Workforce

Bill Testa

Federal Reserve Bank of Chicago

November 21, 2002

workforce features
Workforce features
  • Marginally high income/high wage region
  • A “blue-collar” region; manufacturing concentration”
workforce features1
Workforce features
  • Education attainment--higher HS and HS-plus; lower at “college/college-plus”
workforce features2
Workforce features
  • Out-migration led by younger and more educated.
  • Domestic in-migration rates lower (often negative); immigration rates positive but lower
workforce features3
Workforce features
  • Urban/rural split similar to U.S.
  • Large cities among most segregated
workforce features4
Workforce features
  • Ag-related employment close to U.S. average; many rural towns struggling
  • Manufacturing decentralizing to rural towns, but income gains are paltry
  • Age profile similar on average--older in rural areas, younger in large urban areas
historic perspective
Historic perspective
  • Region became high-income during late 19th and early 20th century through agriculture, manufacturing & urbanization
  • Sources of high wealth and sustainability?
  • --Natural resources: transport, energy, land
  • --Agglomeration
  • --Market structure? (union, oligopoly,
  • dis-equilibrium)
fall and rise and fall
Fall and rise (and fall?)
  • Per capita income
  • Midwest share of nation’s manufacturing
  • Employment growth
midwest recovery transitory
Midwest recovery: Transitory?
  • Restructuring fundamentals
  • --New technologies
  • --Firm re-structuring/industry shifts
  • Idiosycratic factors
  • --S & L crisis
  • --Defense build-down/base closings
  • --Falling dollar
  • --Low energy prices
implications and other issues
Implications and (other) issues
  • How much will MW economic growth be regained/sustained?
  • High average incomes?
  • Welfare-to-work population re-employed?
  • Work force “shortages” and growth
  • impediments?
implications and other issues1
Implications and (other issues)
  • How productive the Midwest workforce?
  • Can MW “Development” be accomplished?
  • --High tech/creative class occupations and
  • firms.
policies priorities for the midwest
Policies/priorities for the Midwest?
  • Training: where to focus? (jobs to match?)
  • Job market efficiency (spatial and otherwise)
  • Immigration & assimilation
  • Facilitating an older/diverse work force
  • Rural economic transition
  • Prison released population issues