The Decline and Resurgence of the U.S. Auto Industry
Over the past 3 decades, the U.S. auto industry has faced multiple existential crises, illustrating both the cost of lost opportunities and the power of innovation as the archetypical industrial enterprise adapts to a post-industrial knowledge economy. In the light of this, a more holistic understanding of the industry is called for, for reasons that encompass its impact on job creation and also because the lessons are relevant to other industries that are facing transformational challenges. This in-depth article explores the decline and resurgence of the U.S Auto Industry, that includes an outline of the rate of change in productivity and wages, a discussion on knowledge-driven work, lean/Six Sigma systems, new technology – and more.
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