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Can and or will United States manufacturing recover and bring along with it the US economy? I believe we are at a critical juncture where either the US manufacturing sector could either prosper or help the economy regain its? health or continue to decline to the point where the US may never fully recover its former manufacturing prowess. At present, the U.S. manufacturers provide about 75% of the products Americans consume (never mind for now where these products are made). The percentage could rise to 90% if the private sector and government leaders make the right decisions. Conversely, the percentages could fall if the wrong decisions are made. (The percentages are from study conducted by The University of Michigan?s Tauber Institute for Global Operations). As labor costs continually play a smaller role in manufacturing processes, this is where the possibilities for opportunities to create new conditions that support manufacturing will arise.
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Source: U.S Manufacturing Competitiveness at a Critical Crossroads Word document
U.S Manufacturing Competitiveness at a Critical Crossroads
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Initial upload date (first version): Mar 28, 2015
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