BlindBoo
Diamond Member
- Sep 28, 2010
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America is doing just fine.
Facts About Manufacturing, Manufacturing Strategy - National Association of Manufacturers - Manufacturing AssociationDid You Know...
The United States is the world's largest manufacturing economy, producing 21 percent of global manufactured products. China is second at 15 percent and Japan is third at 12 percent. 1
U.S. manufacturing produces $1.7 trillion of value each year, or 11.7 percent of U.S. GDP. For every $1.00 spent in manufacturing, another $1.35 is added to the economy. 2
Manufacturing supports an estimated 17 million jobs in the U.S.about one in six private sector jobs. 3 Nearly 12 million Americans (or 9 percent of the workforce) are employed directly in manufacturing. 4
In 2010, the average U.S. manufacturing worker earned $77,186 annually, including pay and benefits. The average worker in all industries earned $56,436 annually. 5
U.S. manufacturers are the most productive workers in the worldfar surpassing the worker productivity of any other major manufacturing economy, leading to higher wages and living standards.
U.S. manufacturers perform two-thirds of all private sector R&D in the nation, driving more innovation than any other sector. 6
Taken alone, U.S. Manufacturing would be the 9th largest economy in the world. 7
For more details, read the full report The Facts About Modern Manufacturing.
Of course. But I just want to see how many pseudo-cons agree with Noam now.....