Regions, the dollar, and reindustrialization

Article Abstract:

Increases in employment in manufacturing industries since 1987 indicate that future job growth can be expected to take place primarily in regions where employers can locate an ample supply of labor at averages wages. The reasons are: states with labor shortages will not be able to take advantage of the demand for their exports, and, based on research conducted by G.H. Borts and J.L. Stein, less urban states may provide a more attractive labor force to industrial employers. The path the US appears to following may lead to the creation of new manufacturing jobs in most regions except the Northeast, and another round of industrial restructuring.

Analysis, Manufacturing industry, Manufacturing industries, Forecasts and trends, Growth, Employment forecasting

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Supply-side regional economics

Article Abstract:

The hypothesis put forth in the regional economic development research of G.H. Borts and J.L. Stein that proposes the causes of regional economic growth and decline is the result of a perfectly elastic demand for labor in a small, open economy is a more satisfying explanation for the growth in the Sunbelt states, and the decline in the Snowbelt region than shifts in demand for exportables. A key assumption in the hypothesis is that some regional companies sell their products at fixed prices on outside markets.

Supply-side economics

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Causes of changes in wage variation among states

Article Abstract:

The differences in wage rates among states is the key cause of wage variation. However, changes in the types of industries may drive wage rate changes, and consequently be the best method for predicting changes in relative wage rates. Research conducted in the early 1960s by G.H. Borts and J.L. Stein on personal income from 1880 through 1950 demonstrated that income increased because of workers moving from agriculture to other sectors, but could not explain the magnitude of the changes.

Wages, Wages and salaries

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