MODERN MANUFACTURING FACTSMany Americans have no idea how dependent they are on manufacturing to maintain their high standards of living. Policymakers remain ineffective or unable to understand the implications of losing our leadership in global manufacturing.
In the prosperity of the past 10 years, manufacturing contributed more than 20% to the GDP growth. In a nutshell, this pattern shows that manufacturing must be at its peak performance in order for the rest of the economy to function at the optimum levels to which many of us have become accustomed. Through innovation and interdependency, manufacturing is the lynch pin of the American economy, past, present and future.
The strengths of modern manufacturing are:
• Rewarding careers and jobs paying 18% than the national average.
• International competitiveness that helps the nation pay for its sizeable imports and stimulates innovation.
• Unprecedented increase in productivity that reduce costs, raise the standards of living and keeps inflation low.
• Multiplier effect – manufacturing creates 8 million jobs in other sectors.
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