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1.) In the most recent data, manufacturers contributed $2.17 trillion to the U.S. economy. This figure has risen since the second quarter of 2009, when manufacturers contributed $1.70 trillion. Over that same time frame, value-added output from durable goods manufacturing grew from $0.86 trillion to $1.17 trillion, with nondurable goods output up from $0.84 trillion to $0.99 trillion. - See more at: www.nam.org...
2.) For every $1.00 spent in manufacturing, another $1.40 is added to the economy. That is the highest multiplier effect of any economic sector. - See more at: www.nam.org...
3.) The vast majority of manufacturing firms in the United States are quite small. In the most recent data, there were 256,363 firms in the manufacturing sector, with all but 3,626 firms considered to be small (e.g., having fewer than 500 employees). In fact, three-quarters of these firms have fewer than 20 employees. - See more at: www.nam.org...
There are 12.33 million manufacturing workers in the United States, accounting for 9 percent of the workforce. In addition, manufacturing supports an estimated 18.5 million jobs in the United States—about one in six private-sector jobs. - See more at: www.nam.org...
Over the next decade, nearly 3.5 million manufacturing jobs will likely be needed, and 2 million are expected to go unfilled due to the skills gap. Moreover, according to a recent report, 80 percent of manufacturers report a moderate or serious shortage of qualified applicants for skilled and highly skilled production positions. - See more at: www.nam.org...
originally posted by: AugustusMasonicus
Lowering our absurdly high corporate tax rate would help attract more high-end manufacturing jobs here which in turn, as the article points out, creates and supports other non-manufacturing jobs.
originally posted by: onequestion
Corporations already have low to no tax rates in many cases, not only do they have low to no taxes they get subsidized.
I don't think taxes are the issue I think it's the cost of doing business ie hidden cost, unemployment insurance, environmental laws, energy cost and thinks like Ovamacare. Social security yada yada
originally posted by: Argosnaut
And, then.. along came the next generation of 3D printing machines. They will be affordable, ubiquitous and the most disruptive element ever introduced to the manufacturing landscape. It will result in the total elimination of job fields (not just in manufacturing sectors). 3D printing will be used in bio-tech to nano-tech and everything in-between. It will drastically alter individual perceptions of value and global economic models of production.
originally posted by: onequestion
a reply to: Aazadan
I'm getting into cnc which is similar to 3d printing accept it reduces instead of adds and has a higher degree of accuracy.
Better for making robots. Someone has to make the robots.