The Hidden Reason Manufacturing Jobs Have Disappeared

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Publicado 2023-10-10
Energizer is shutting down two Wisconsin plants and moving much of the work overseas. Who should you blame?

For decades, battery manufacturing supported the communities of Fennimore and Portage, Wisconsin, but suddenly, last year, everything changed.

Energizer is moving its jobs here overseas – to Singapore and the U.K. – and to a non-union factory in North Carolina.

But the six hundred union workers at these two factories aren’t the only ones in trouble.

America has lost 35 percent of our manufacturing jobs in the last 40 years.

The question is, what happened?

Why have jobs in towns like Fennimore and Portage – places that used to be the bedrock of American manufacturing – disappeared?

To find an answer, we went to Wisconsin. What we learned wasn’t just about Energizer.

It was also about how companies buy their competitors to shift profits to executives at workers’ expense – how politicians who claim to care about American jobs let them get away with it – and what we can do to stop it.

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Todos los comentarios (21)
  • @robertcollins4663
    "I've never been involved politically in anything ever" and then they came for your job, your livelihood, your community. You cannot afford to not get political.
  • @ericburns469
    It’s almost like we are a corporate oligarchy, instead of a democracy…
  • @merlinrakow3607
    Americans need to stop supporting corporations and go back to small businesses.
  • @KADASUVA
    Never underestimate corporate greed.
  • So many people don't understand, that everything is political....I mean everything. From your job, to your water, air, and food quality and safety. The roads you drive on, to the safety of the cars, to the education your children receive.
  • Those record profits and increased CEO pay sound like money that should’ve gone to employees too. Seems criminal to take away jobs and send them elsewhere. That’s a great way to destroy a community.
  • Battery prices have gone through the roof and the battery companies are making record profits. Greed and profit over people, that is what these corporations stand for.
  • @JT-by8tz
    I worked for a large Fortune 250 industrial manufacturing company for thirty years. I witnessed how this company evolved from being employee centric to share holder centric. During that same period the CEO’s salary went from $3.5M to $21.7M. My salary only doubled in thirty years - basically keeping pace with inflation. This company’s stock price went from approximately $76 per share to over $500 per share today. It is extremely overpriced. It’s greed. Always is.
  • @RobertStoll
    The minute you have one major employer in town, it's time to panic.
  • @MichelleHell
    Labor is a cost, but CEO pay is not a cost? You know if workers were paid a percentage of net revenue they can't possibly be a cost to the business, they would be beneficiaries of their own labor. Shareholder greed is the biggest cost to all of us in society.
  • @youtubesucks1499
    H, Ross Perot warned us back in late 1980's that NAFTA would suck 1 million high paying manufacturing jobs out of the United States. If you Google his old videos, EVERYTHING he warned us about has come to pass.
  • @fabianruiz4796
    That is why never be loyal to your place of work be loyal to you and your family
  • @donnab.333
    When these types of situations started happening in urban communities (80s, 90s, etc.) nobody cared and there were no concerns. Now, slowly over the past 40+ years, they've been removing these jobs from other communities. Always remember, this country disenfranchises the most dispensable group first, & then slowly moves to other groups. The USA Corp is trying to economically turn this country to a third world nation.
  • @theblindtechguy
    This is why I have no sympathy for corporations. They steal from their workers, give them promises they have zero intention of keeping, actually delivering the opposite of said promises, and laughing all the way to the bank.
  • In England about fifty years ago executives earned about ten times what a shop floor worker earned. Nowadays it's about a hundred times. Worker pay has been stagnant for decades. But houseprices have tripled.
  • @MrJwill919
    This needs to be outlawed, if anything the executives need to forfeit their salaries and stock options.
  • @moosesandmeese969
    Workers do all the work and get none of the profits. CEO's do none of the work and get all of the profits
  • @PaleRider54
    Thr killing of manufacturing [union] jobs has been underway since Reagan. When Reagan fired the air traffic controllers, it sent a clear message that Corporate America no longer had to bargain in good faith with its workers. Thus began the huge increase in both jobs being off-shored and the pay disparity between CEOs and the average worker. Today's CEOs are not working a hundred times harder than their 1960s counterparts, but they're being compensated as though they are. Meanwhile, Joe Average is making about 10 times the annual average salary from the same period, but when you account for inflation, he's actually being paid LESS.
  • @amorelus
    CEO's should not have compensation based on company's stock prices. In older times, CEO's get bonus if they grow the company. not for shrinking labor.