The U.S. Manufacturing supersector is vitally important to national sovereignty and an anchor tenant of the U.S. economy. Re-shoring and keeping American factories in America is a worthy goal. Even if America re-shores manufacturing jobs from foreign countries, manufacturing has limited upside employment potential due automation across the entire manufacturing value chain. From a wage perspective, manufacturing is no longer the high-paying industry sector that it used to be, nor will it be in the future. As opposed to looking to manufacturers as a principal supplier of “good” jobs, manufacturing focus should be on protecting the current set of U.S. manufacturers, focusing on next-generation manufacturing technology and processes, and recapitalization of the American industrial base and retooling its workforce.
To spur your interest, these are a few of the charts and tables in this report.