Things seem to be going very well for American manufacturing. Since 2009, 1.2 million manufacturing jobs have been created. The fracking industry has significantly lowered energy costs. Unemployment has reached a low of 3.8%, and 145,000 jobs were re-shored in 2018. We have had 10 years of growth since the Great Recession, and many articles in the past year suggest that the U.S. is in a manufacturing renaissance. But are we?
Imported from the CTE archive to seed discussion on MFGAxis.
Originally published on CTE: 2019-09-20
CTE source: https://ctemag.com/news/us-manufacturing-losing-its-toolbox/
Legacy path: /us-manufacturing-losing-its-toolbox