New Directions in Manufacturing Report of a Workshop (2004) / Chapter Skim
Currently Skimming:
Part I Summary of the Workshop Sessions
Part I Summary of the Workshop Sessions
1 Manufacturing in the United States
Pages 5-10
The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
Select key terms on the right to highlight them within pages of the chapter.
From page 5... ...
Part I Summary of the Workshop Sessions 5
|
From page 6... ...
Further, companies in the United States have invented and produced goods used to build this nation and have also provided these goods to the rest of the world. Over the past two centuries, manufacturing in the United States has contributed substantially to a steadily increasing standard of living -- including improved education, health, economic security, and more leisure -- within the United States as well as abroad.
|
From page 7... ...
during that period and currently accounts for 62 percent of all research and development performed in the United States.10 In addition, more than 90 percent of all patent approvals originate in the manufacturing sector.11 This is important, as research and development is the single most important source of the technological advances that lead to higher productivity. All of the activities associated with manufacturing -- products, processes, and practices -- must advance continually for any country's economy to keep pace in a rapidly changing global economy.
|
From page 8... ...
This stands in stark contrast to the average increase of 352,000 in manufacturing employment that has typically taken place during the first year of previous expansions.14 Manufacturing employment had been in decline even before the recent recession, according to several measures. Manufacturing jobs had decreased as a percentage of total employment in the United States.
|
From page 9... ...
The strong dollar makes it more appealing to relocate production overseas, pay for labor with undervalued local currency, and still earn highly valued dollars by re-exports to the United States. The result can be additional losses of domestic jobs and manufacturing capacity.
|
From page 10... ...
. Both of these trends have resulted in a loss of capacity utilization and jobs in the United States.
|
Key Terms
This material may be derived from roughly machine-read images, and so is provided only to facilitate research.
More
information on Chapter Skim is available.