Donald Trump's take on the global economy and companies that ship jobs overseas is abundantly clear at this point in the presidential campaign: He's never eating an Oreo again. Several thousand people in Illinois have personal reasons to take his side.Will higher taxes and more regulation help... You know the answer.
Over the past five and a half years, companies either offshored or planned to relocate 5,587 positions from Illinois to foreign locales, according to a Crain's analysis of U.S. Labor Department data.
Almost every employer seems to be doing it. Engineers in Schaumburg, cookie bakers in Chicago and medical-device makers in Downers Grove are among those who have been laid off because their work was exported. Multinationals based here, including Walgreens Boots Alliance, Illinois Tool Works, W.W. Grainger and Oreo maker Mondelez International, have all moved local operations abroad. Lesser-known manufacturers have also offshored jobs.
The job migration has been hitting suburban Chicago and towns outside the metropolitan area more than the city. Of the 93 relocations from mid-2011 to early this year, more than half downsized a suburban workforce, analysis of the Labor Department data reveals. Nearly a quarter occurred in other parts of Illinois, while 16 were in Chicago.
Almost three-quarters of the lost jobs—4,075 of 5,587—were in manufacturing, with 43 percent of the production losses in the suburbs and 34 percent from outside greater Chicago. The city, where industrial employment has been declining for decades, lost 917 factory-sector jobs to overseas sites over the five-year period, or 23 percent.
Employers shipped jobs from Illinois to 21 countries. The most common destination for manufacturing work was Mexico; that includes replacements for 600 people Mondelez is shucking from its Southwest Side bakery. For white-collar jobs, it was India.
Monday, May 23, 2016
The great Illinois job exodus. This time Trump may be right.
Crain's Chicago Business reports: