Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: , and passenger rail can be just such a market, requiring a variety of skilled workers. The production of complex products like loco- motives and passenger train cars involves not only the manufacturing of numerous components, but also maintenance, testing and other services. Beyond the employees of the rolling stock companies themselves, jobs in other industries are supported by the railroad manufacturing industry. In 2006, the American rolling stock manufacturing industry, beyond employing more than tens of thousands of people, paid out close to $7 billion to purchase parts and equip- ment.35 A revived passenger rail industry in the Midwest would need to purchase glass, seats, and other components from other firms, creating a new outlet and source of revenue for other industries. A high-speed rail system could create hundreds of thousands of jobs. Building a Midwestern rail system according to a plan articulated by the U.S. Department of Transportation—which calls for 2,250 miles of track in the...
View Full Document

This note was uploaded on 11/30/2013 for the course PHILOSOPHY 303m taught by Professor Tye during the Fall '12 term at University of Texas at Austin.

Ask a homework question - tutors are online