Contents: FACT: CHICAGO-AREA FACTORIES ARE MOVING TO THE "SUN-BELT" OR TO UNDERDEVELOPED ("THIRD WORLD") COUNTRIES WHERE THEY CAN PAY WORKERS MUCH LOWER WAGES AND MAKE GREATER PROFITS. • FACT: CHICAGO-BASED MANUFACTURING COMPANIES ELIMINATE MORE JOBS THROUGH PLAN CLOSINGS THAN THEY REPLACE THROUGH PLANT OPENINGS; MOST NEW FACTORIES ARE CAPITAL-INTENSIVE (USE MORE MACHINERY AND EMPLOY FEWER WORKERS. • WHAT HAPPENS WHEN JOBS ARE LOST IN CHICAGO FROM PLANT CLOSINGS? • FACT: CHICAGO-AREA BANKS and CORPORATIONS HELPED CREATE THE SCHOOLS CRISIS! • WHAT DOES THIS MEAN FOR YOU? • BANKS, JOB LOSSES AND FOREIGN LOANS - How to Research for Action • 1. JOB LOSSES • 2. BANK LOANS • 3....
Contents: FACT: CHICAGO-AREA FACTORIES ARE MOVING TO THE "SUN-BELT" OR TO UNDERDEVELOPED ("THIRD WORLD") COUNTRIES WHERE THEY CAN PAY WORKERS MUCH LOWER WAGES AND MAKE GREATER PROFITS. • FACT: CHICAGO-BASED MANUFACTURING COMPANIES ELIMINATE MORE JOBS THROUGH PLAN CLOSINGS THAN THEY REPLACE THROUGH PLANT OPENINGS; MOST NEW FACTORIES ARE CAPITAL-INTENSIVE (USE MORE MACHINERY AND EMPLOY FEWER WORKERS. • WHAT HAPPENS WHEN JOBS ARE LOST IN CHICAGO FROM PLANT CLOSINGS? • FACT: CHICAGO-AREA BANKS and CORPORATIONS HELPED CREATE THE SCHOOLS CRISIS! • WHAT DOES THIS MEAN FOR YOU? • BANKS, JOB LOSSES AND FOREIGN LOANS - How to Research for Action • 1. JOB LOSSES • 2. BANK LOANS • 3. TOOLS FOR ORGANIZING/GETTING INFORMATION • The document discusses the Community Reinvestment Act (CRA), the Home Mortgage Disclosure Act (HMDA), Cook County, School Board property, Continental Bank, American National Bank, Commonwealth Edison, the School Finance Authority, red-lining, Wisconsin Steel, Ober Nester Glass Co., Florsheim Shoe Corp., Zenith Corp., U.S. Steel, Hiram Walker Distillery, pensions, health benefits, corporate taxes, and social problems.
