Manufacturing Driving US Recovery

Manufacturing Driving US Recovery

Manufacturing continues to drive the recovery. Reuters has the story: The pace of growth in U.S. manufacturing picked up last month, even as measures of new orders and exports eased, underscoring how the economy is recovering at a gradual clip. Separate data on Monday showed construction spending suffered its biggest drop in seven months in [...]

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What Do You Think of Obama’s Manufacturing Policy?

What Do You Think of Obama’s Manufacturing Policy?

The Washington Post has a nice roundup of President Obama’s State of the Union address. The piece highlights Obama’s comments related to manufacturing. Proposed eliminating tax incentives that make it more attractive for companies to ship jobs overseas. The proposal would require American companies to pay a minimum tax on their overseas profits in order [...]

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Is A Weaker Dollar Necessary for U.S. Manufacturing To Compete?

Is A Weaker Dollar Necessary for U.S. Manufacturing To Compete?

Trade unions have been screaming for years that the United States must “do something” about the dollar. That “something” means somehow “pressuring” the Chinese to allow their currency to appreciate, so that American exports become relatively more competitive. Dean Baker, writing at the Huffington Post, makes a version of this argument in his latest column. [...]

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#1 Advanced Manufacturing Partnership

#1 Advanced Manufacturing Partnership

The top story of the year is one that we hope will be an even bigger story in 2012 and beyond – the Obama administration’s deployment of the Advanced Manufacturing Partnership (AMP) – “a national effort bringing together industry, universities, and the federal government to invest in the emerging technologies that will create high quality [...]

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#2 A National Infrastructure Bank

#2 A National Infrastructure Bank

New America Foundation Economic Growth Program Director Sherle Schwenninger and Associate Director Samuel Sherraden break down the “America’s Jobs Act” and focus on the plan for a national infrastructure bank. They write: The most encouraging part of the president’s speech was the administration’s endorsement of a national infrastructure bank and in particular the Kerry-Hutchison BUILD [...]

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#3 Manufacturing Renaissance Possible

#3 Manufacturing Renaissance Possible

Clyde Prestowitz, writing at Foreign Policy, explains that a manufacturing renaissance is both possible and necessary to achieve a “significant, stable, and lasting recovery.” Prestowitz points to a Booz & Company report on the Future of American Manufacturing. He writes production from an American base can be quite competitive except in only a relatively small [...]

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#4 Global Manufacturing And Its Risks

#4 Global Manufacturing And Its Risks

Marc Levinson, writing in Foreign Affairs, explains how the Japanese earthquake and tsunami revealed the risks of sourcing key components from a single supplier – especially when that supplier is half way around the world. Levison suggests that major international companies may reverse the trend of the last several decades and seek to minimize risks [...]

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#5 ‘In’-Shoring: Bringing Jobs Back to America

#5 ‘In’-Shoring: Bringing Jobs Back to America

This piece by Adriana Gardella in the New York Times profiles Taphandles, a company that produces beer marketing materials, which it then sells to breweries. The article, entitled “A Company Grows, and Builds a Plant Back in the U.S.A.,” explains that Taphandles, which employes 33 people in Seattle and 450 in China, signed a lease [...]

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Top 5 Manufacturing Stories of the Year

Top 5 Manufacturing Stories of the Year

Happy Holidays to all of our readers! In the spirit of the season, we are highlighting 5 of the most important manufacturing stories of the year in the posts that follow. We hope you enjoy. – The Editors

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Manufacturing Index Up

Manufacturing Index Up

The Institute for Supply Management-Milwaukee has calculated the October seasonally adjusted Production Manufacturing Index at 55. Any level above 50 indicates growth in the manufacturing sector. Here is the story in the Manufacturing Weekly. – The Editors

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Wells Fargo Bullish on US Manufacturing

Wells Fargo Bullish on US Manufacturing

Wells Fargo published a report today on U.S. manufacturing. The report notes that while employment in the sector is down, technological and productivity improvements have led to output growth. This story of The Business Journal contains a link to the full report. – The Editors

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Right Skills Now

Right Skills Now

In an effort to train workers for current and future manufacturing jobs, Minnesota has developed a pilot program called “Right Skills Now.” The program’s goal is to make “current, relevant, focused, and intensive training to be the standard — not the exception — at our local schools and colleges.” For more, see this story in [...]

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Breakthrough Manufacturing

Breakthrough Manufacturing

The Breakthrough Institute and The Third Way published a report today, “Manufacturing Growth: Advanced Manufacturing and the Future of the American Economy.” Here is the intro graph of the report: Stagnant and out-dated policy debates in Washington are the reason that advanced, high-tech products are mostly manufactured outside of the United States, according to a [...]

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Yes, America Needs Manufacturing

Yes, America Needs Manufacturing

Does America Need Manufacturing? That is the provocative question being posed by the mainstream media, most recently by Jon Gertner in the New York Times.(1) Of course America needs manufacturing. In fact, America continues to rely on manufacturing more than most people know, and government policies should be supporting, not inhibiting its growth. One reason [...]

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