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LAEDC issues report on LA manufacturing
Posted by Gino DiCaro
, VP, Communications on Feb. 27, 2017
The Los Angeles County Economic Development Corp. released a report last week showing the loss of L.A. manufacturing jobs to lower paying jobs. Don't miss the LA Daily News article by Kevin Smith on the report:
LA County’s manufacturing jobs have been replaced by lower paying work
L.A. County’s manufacturing sector has suffered massive job losses over the last decade, but a new report points to worse news — those positions have been replaced by jobs that pay less than half as much.
That’s the sweep of a new report released Wednesday by the Los Angeles County Economic Development Corp.
The region has lost 89,000 manufacturing jobs since 2007. Those jobs paid an average annual wage of $52,000. During that same period the county added 92,000 new jobs in the food service industry, but the average yearly pay for those jobs is just $20,000 ... READ MORE ON LA DAILY NEWS
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