2. PaulYoung -
Bio
• CPA, CGA
• Financial Solutions
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – SupplyChain Management
Contact information:
Paul_Young_CGA@Hotmail.com
3. Agenda
Job Quality (Canada vs United States)
2000 lost decade for USA Manufacturing
Blog – Job Quality
5. 2000s lost
decade for
manufacturi
ng (USA)
Source 0 https://www.industryweek.com/the-economy/article/22006840/why-the-2000s-were-a-
lost-decade-for-american-manufacturing or https://thehill.com/opinion/campaign/479579-
trumps-big-reelection-weapon-a-remarkable-manufacturing-jobs-boom
The real reason the U.S. lost 5.7 million manufacturing jobs in the last decade was due to the decline in manufacturing output,
which in turn was caused by U.S. manufacturing losing out in global competition.
During the 2000s, 13 of the 19 aggregate-level U.S. manufacturing sectors, which employed 55% of manufacturing workers in
2000, experienced absolute declines in real output.
For example, motor vehicle output decreased 45%, textiles 47%, and apparel 40%. In other words, manufacturing
establishments were producing less, and so of course they employed fewer workers.
Since January 2017, more than 480,000 manufacturing jobs have been added to the U.S. economy, following two decades of
sharp losses. In President Clinton’s final three years in office, more than 430,000 manufacturing jobs were lost — declines that
immediately carried over and expanded under the Bush administration, which experienced millions of manufacturing job losses,
even before the 2008 crash. Roughly 300,000 manufacturing jobs were lost during the eight years of the Obama administration,
including minor losses in Obama’s final year in office. In terms of the percentage of manufacturing job increases, the gains made
thus far under the Trump administration surpass the performance in the first term of every president since the 1970s.
Trump and Manufacturing
6. JobQuality
I have been saying for awhile it is not the quantity of jobs in Canada, but
the quality of jobs. https://www.slideshare.net/paulyoungcga/2019-
election-human-capital-and-skills-management-canada-september-2019
Government role is to create policies that encourage FDI.The Liberals
underTrudeau policies have made Canada less competitive.
https://www.slideshare.net/paulyoungcga/what-is-going-on-with-
canadas-competitiveness
United States policies underTrump have supported the economy -
https://www.slideshare.net/paulyoungcga/gdp-g7-canada-and-usa