... if you ask actual manufacturing executives, they're far more bullish on America's future than many of its political leaders. On Thursday, professional services firm Deloitte teamed up with the Council on Competitiveness to release its 2016 Global Manufacturing Competitiveness Index, showing that the United States is the second most competitive manufacturing economy after China. What's more, global manufacturing executives predict that by 2020, the United States will be the most competitive manufacturing economy in the world.
So why has the United States been shooting up the ranks? Long gone are the days when cheap labor was the most important input for manufacturers. Total manufacturing employment in China peaked during the 1990s and has been falling ever since. And as manufacturing continues to reduce the number of workers needed, the important ingredients to success in the sector are whether advanced technologies and materials are available, and whether or not intellectual property protections are strong. The United States beats out China on both of these scores.
This is not to say that anxiety over the decline of manufacturing employment is misguided. While it's good that manufacturing firms think that the United States is a great place to do business, their success in America will not have the same impact, in terms of providing a huge number of well-paying jobs, as they did a half-century ago.
(Score: 1) by khallow on Sunday January 01 2017, @10:09PM
"Mr. Khallow, I couldn't help but notice you refer to 'business analysts'. The survey is actually of 'global manufacturing executives' which doesn't have a lot of overlap there. Now, even if those global manufacturing executives are all US-based (and maybe not even all global manufacturing executives), that's still a group that collectively deals with global economics and manufacturing on more or less the necessary scale. Wouldn't you say?
Moving on, Mr. Khallow, I get the impression that you might have misread the article's conclusions just a little and mistaken size for competitiveness. With the right convenient scale of 'competitiveness', the US is already in first place. Funny how that works. I'll also note that Deloitte has been doing this for a while so even if it's a bit biased we can compare the survey over some span of time."
You would get to sneer and make an argument that's not shit. What's not to like?
Thank you for pointing out the error of my post, but could you please next time do it in a constructive manner?
(Score: 0) by Anonymous Coward on Monday January 02 2017, @12:30AM
> obvious rebuttal
Drink!
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