Over 44% of the region’s manufacturing workforce is employed in auto related industries. These are high skill, high wage jobs for the most part, and they’ve provided great opportunities and tax revenues for more than two decades.
As of June 2009, there were over 14,000 people employed in the auto industry and 14 of the top 34 manufacturing companies were auto related, including 5 of the top 10.
But…are we too dependent on one industry? As we’ve seen, the balance of car consumption has shifted to Asia and India, and while we’ll still make cars in this country, we most likely will make fewer every year.
What will replace these good jobs? Can we expect similar high wage, high skill manufacturing? If not, what will that mean for our workforce and our communities that are so dependent on payroll taxes.?