deindustrialize
Abandon manufacturing sector
To deindustrialize is to reduce or eliminate industrial activity in a region or economy.
The term typically describes the decline of manufacturing—factories closing, jobs moving overseas, communities losing their economic base: The Rust Belt deindustrialized rapidly in the 1980s.
The process may be deliberate policy or market forces.
The noun is deindustrialization.
Third-party task delegation
- offshoringMoving work overseas
- free tradeUnrestricted international exchange
- tariffsTaxes on imports
- World Trade OrganizationInternational commerce regulatory body
global supply chain · foreign investment · emerging markets · comparative advantage · cheap labor · trade agreements · NAFTA · global competition
Loss of factory output
- factory closuresManufacturing facilities ending operations
- plant shutdownsPermanent factory operation halts
- rust beltDeclining industrial region
- smokestacksTall industrial exhaust pipes
steel mills · textile mills · assembly lines · coal mines · shipyards · foundries · manufacturing base · brownfields
Mass job eliminations
- unemploymentBeing without paid work
- redundancyNeedless duplication
- displaced workersThose who lost positions
- factory workersEmployees in manufacturing facilities
retraining · reskilling · job losses · early retirement · severance · outplacement · wage stagnation · underemployment
Shift between economic systems
- service economySystem based on intangible work
- knowledge economySystem valuing expertise over manufacturing
- automationSelf-operating system design
- technological changeEvolution of society's tools
economic restructuring · diversification · reinvention · repurposing · adaptive reuse · financial services · tech sector · creative industries
City infrastructure deterioration
- blightPlant disease causing decay
- abandonmentAct of leaving permanently
- derelictionAbandonment of duty
- vacant lotsUnoccupied land parcels
population decline · urban renewal · redevelopment · revitalization · gentrification · loft conversion · Detroit · Pittsburgh
outsourcing
Third-party task delegation
- offshoringMoving work overseas
- free tradeUnrestricted international exchange
- tariffsTaxes on imports
World Trade Organization · global supply chain · foreign investment · emerging markets · comparative advantage · cheap labor · trade agreements · NAFTA · global competition · trade deficit
manufacturing decline
Loss of factory output
- factory closuresManufacturing facilities ending operations
- plant shutdownsPermanent factory operation halts
- rust beltDeclining industrial region
smokestacks · steel mills · textile mills · assembly lines · coal mines · shipyards · foundries · manufacturing base · brownfields · ghost towns
layoffs
Mass job eliminations
- unemploymentBeing without paid work
- redundancyNeedless duplication
- displaced workersThose who lost positions
factory workers · retraining · reskilling · job losses · early retirement · severance · outplacement · wage stagnation · underemployment · pension cuts
economic transition
Shift between economic systems
- service economySystem based on intangible work
- knowledge economySystem valuing expertise over manufacturing
- automationSelf-operating system design
technological change · economic restructuring · diversification · reinvention · repurposing · adaptive reuse · financial services · tech sector · creative industries
urban decay
City infrastructure deterioration
- blightPlant disease causing decay
- abandonmentAct of leaving permanently
- derelictionAbandonment of duty
vacant lots · population decline · urban renewal · redevelopment · revitalization · gentrification · loft conversion · Detroit · Pittsburgh · Cleveland