$1.00 = $1.48

By Barry Ritholtz via The Big Picture Blog   Article

Manufacturing Returns to USA (Jobs Not So Much)

“Some takeaways from the article:

• Post-recession, U.S. manufacturing growth is outpacing other advanced nations;

• 500,000 manufacturing jobs created in the USA over the past three years;

• U.S. factories access to cheap energy, (oil and gas from the shale boom) means cheaper costs versus expensive overseas Oil and costly shipping prices. …

• New made-in-America economics is centered largely on cutting-edge technologies (3D printing, specialized metals, robotics and bioengineering);

• New US factories are “superautomated” and heavily roboticized; …

looking only at factories misses some of the new jobs … Many of the jobs created are outside the factory floors — R&D, support services, software engineers, data scientists, user-experience designers, transportation & shipping, etc.

Perhaps this helps to explain why every $1 of manufacturing activity returns $1.48 to the economy.”

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