The facts are staggering and the future doesn't appear to be so bright for the Tool and Die Industry. In the last 5 years over 25% of the industries toolmakers have disappeared. In Michigan, the state that employs the largest number of these workers (about 30% of the nations tool and die makers) nearly 1/3 have vanished and expected to rise to 50% with a few years. With an unemployment rate near double the national average, Michigan is the barometer that manufacturing industry must watch.
Many factors are to blame, increased productivity due to advances in technology and outsourcing due to the global economy are the two biggest to get the blame..
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