Member-only story

Why Manufacturing Is Still Key to America's Future

Bruce Snyder

·6.4k Followers· Follow

Published in Entrepreneurial Nation: Why Manufacturing Is Still Key To America S Future

4 min read

731 View Claps

95 Respond

Save

Listen

Manufacturing has long been a cornerstone of the American economy, providing jobs, driving innovation, and contributing to our national security. However, in recent decades, the manufacturing sector has faced significant challenges, including global competition, automation, and the rise of service industries. As a result, some have argued that manufacturing is no longer as important to the U.S. economy as it once was.

However, this is a shortsighted view. Manufacturing remains essential to America's future for several reasons. First, it provides high-paying jobs that support families and communities. Second, it drives innovation and technological progress. Third, it contributes to our national security by ensuring that we have the能力to produce the goods we need, even in times of crisis.

Entrepreneurial Nation: Why Manufacturing is Still Key to America's Future

by Ro Khanna

4.3 out of 5

Language	:	English
File size	:	871 KB
Text-to-Speech	:	Enabled
Screen Reader	:	Supported
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Print length	:	273 pages

The Importance of Manufacturing Jobs

Manufacturing jobs are often seen as low-paying and undesirable. However, this is not always the case. In fact, many manufacturing jobs pay well above the national average. According to the Bureau of Labor Statistics, the median annual wage for all manufacturing jobs was $56,540 in May 2019. This is higher than the median annual wage for all workers in the U.S., which was $48,630.

In addition to paying well, manufacturing jobs also provide a stable source of income. Manufacturing jobs are less likely to be outsourced or automated than jobs in other sectors. This is because manufacturing requires specialized skills and equipment that are not easily replaced.

Manufacturing jobs also support families and communities. Manufacturing jobs often provide health insurance, retirement benefits, and other benefits that help workers and their families achieve financial security. In addition, manufacturing jobs create a demand for goods and services in local communities, which helps to boost the local economy.

Manufacturing and Innovation

Manufacturing is not just about making things. It is also about driving innovation and technological progress. Manufacturing companies are constantly investing in new technologies and processes to improve their efficiency and productivity. This investment leads to new products and services that benefit consumers and businesses alike.

For example, the development of the automobile led to the creation of new industries, such as the oil industry and the transportation industry. The development of the computer led to the creation of the internet and the digital age. And the development of new manufacturing technologies, such as 3D printing, is leading to the creation of new products and processes that we can only imagine.

Manufacturing and National Security

Manufacturing is also essential to our national security. In times of crisis, we need to be able to produce the goods we need to defend ourselves. This includes everything from weapons and ammunition to food and clothing. If we do not have the manufacturing, capacity to produce these goods, we will be vulnerable to attack.

For example, during World War II, the United States was able to quickly ramp up production of war materials thanks to its strong manufacturing base. This helped us to win the war and protect our freedom.

Manufacturing is still key to America's future. It provides high-paying jobs, drives innovation, and contributes to our national security. As we face new challenges in the 21st century, we must continue to invest in our manufacturing sector and ensure that it remains a vital part of our economy.

Here are some specific things we can do to support manufacturing in the United States:

Invest in education and training programs that prepare workers for manufacturing jobs.
Provide tax incentives to businesses that invest in manufacturing in the United States.
Support policies that protect American workers from unfair competition from foreign companies.
Buy American-made products whenever possible.

By taking these steps, we can help to ensure that manufacturing remains a key part of America's future.

Entrepreneurial Nation: Why Manufacturing is Still Key to America's Future

by Ro Khanna

4.3 out of 5