The global production of goods can be charted by each stage at which activity occurs and value is added. The great news is that Americans excel at the activities on the production curve that require the most creativity and know-how, and that generate the most profit.
U.S. manufacturers will create more than 3 million job openings over the next decade – but two million of these future jobs could go unfilled. “If we’re not able to ensure a skilled workforce and a steady supply of skilled workers for manufacturers in this country, then [companies will] either go out of business or be forced to look elsewhere.” – Gardner Carrick of the Manufacturing Institute
Politicians critical of trade and globalization often point to the decline in U.S. manufacturing jobs as proof positive of America’s dwindling economic might. But the story of U.S. manufacturing shouldn’t begin and end with that single statistic. The true state of U.S. manufacturing is far more complicated – but also more hopeful.