The American manufacturing industry is charging ahead, and many interesting facts are included in an informative graphic.
Despite losing five million jobs over the past decade due to automation and offshoring, the American manufacturing industry is now producing up to 12 percent of the country's gross domestic product, writes Dennis Spaeth of Cutting Tool Engineering. That's the same percentage of product produced in 1960, but with three times the growth in productivity experienced in 1978.
Many workers now require a college degree to operate in the manufacturing industry due to technological advances in tools for engineering. As a result, the industry plans to open its doors to 3.5 million new workers who are skilled in advanced machinery by 2027. This a huge victory for the U.S. with its manufacturing companies now reshoring once more to advance the nation's productivity. See www.ctemag.com