Deindustrialization

Deindustrialization

Deindustrialization

Deindustrialization can be seen as the opposite of industrialization. While deindustrialization is accompanied by massive expansions in the industrial sector, deindustrialization is characterized by reduction in industrial activity. Deindustrialization can occur in a country or a region. The process also leads to shrinking of industrial capacity where the capacity of the industry is reduced significantly. Companies aim at cutting cost and thus they engage in a hunt for cheap labor. The companies will aim at hiring individuals who have a lot of experience and skills and pay them at a lower cost.

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Deindustrialized towns such as Youngtown have not been able to engage in meaningful economic activities. The industries relocated and in the end; they welcomed the creation of prisons. Its economy depended on prison (Snyder, 2010). The employees earn very little, and they cannot be able to afford a good life. Some of these factors have been a drawback to the continued development of middle-level income earners. The middle-level workers who used to get good money are either unemployed or they earn very little. The above examples clearly state how the deindustrialization has negatively affected the development of middle-level income earners.

References
Cowie, J., & Heathcott, J. (2003). Beyond the ruins: The meanings of deindustrialization. Ithaca: ILR Press
Russo, J., & Sherry Lee Linkon. (2008). The Social Costs of Deindustrialization.
Snyder, M. (2010). 19 Facts About The Deindustrialization Of America That Will Blow Your Mind.

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