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While manufacturing remained a large part of Chicago ’ s economy throughout the first half of the 20th century , with an estimated 1,400 companies working to create military goods during the Second World War , the city ’ s municipal architecture and rising labour costs lead to a reduction in the scale of its industrial dealings throughout the post-war decades . According to the Encyclopaedia Britannica , “ estimates of industrial jobs lost during the first four post-war decades run as high as one million ”.
According to an Economist report , large foreign manufacturing companies like Foxconn and Electrolux are reducing their manufacturing commitments across the United States , citing higher tariffs and higher wages . At the same time , “ Caterpillar , a legendary American maker of heavy equipment , reported disappointing profits for the fourth quarter thanks in part to a slowdown in China ’ s economy , which has
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