lecture 15 - Recent Trends 1951 -> 50% of Hamiltons labour...

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Recent Trends - 1951 -> 50% of Hamilton’s labour force employed in manufacturing - 2001 -> 18% - From 1980s on, decrease importance of steel/heavy mfg. -> deindustrialization; post- industrial economy : o From 1981 to 1993 Stelco ( now US Steel Canada) reduced labour force from 19, 000 to 6, 000; today 1500 o Early 21 st century ownership changes Stelco; US steel (United States) Dofasco: Arcelore Mittal March 2009 – Us steel announces ‘shuttering’ of Hamilton and lake Erie plants Why decline steel? Overcapacity- globally; especially as developing nations rising investments in steel production Technological change- “mini-mill” technology-> scrap replaces iron ore - Elsewhere in Canad a-> Algom a (Sydney) o Medical sciences replaces st e el a s city’s do minant e m ploym ent s ector o Closure of several ‘branch plants’, e.g., Firestone. ... - Changing imag e of the city o Late 19 th century-> industry = civic pride, progress, jobs o Late 20 th century -> industry = pollution; decline; lost jobs; “Brownfield sites”
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This note was uploaded on 12/05/2010 for the course MATH 1Z04 taught by Professor Childs during the Spring '08 term at McMaster University.

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lecture 15 - Recent Trends 1951 -> 50% of Hamiltons labour...

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