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Home > ABOUT MEC > Manufacturing Facts

ABOUT MEC: Manufacturing Facts

Top 20 Facts About Manufacturing | Success Stories | Request More Information  |

Manufacturing is the engine that drives American prosperity. It is central to our economic security and national security. Manufacturing:
grows the economy. Every $1.00 in manufactured goods generates an additional $1.37 worth of additional economic activity - more than any other economic sector.
invents the future. Manufacturers are responsible for more than 70 percent of all private sector R&D, which ultimately benefits other manufacturing and non-manufacturing activities.
competes internationally. The United States is the world's largest exporter; 61 percent of all U.S. exports are manufactured goods, double the level of 10 years ago.
generates productivity increases. Over the past two decades manufacturing productivity gains have been more than double (actual figure 2.5 times) that of other economic sectors. These gains enable Americans to do more with less, increase our ability to compete and facilitate higher wages for all employees.
provides more rewarding employment. Manufacturing compensation averages more than $66,000, the highest in the private sector, and manufacturers are leaders in employee training.
pays the taxes. Manufacturing has been an important contributor to economic growth and tax receipts at all levels of government, contributing one-third of all corporate taxes collected by state and local governments.
Yet U.S. manufacturers are challenged as never before. They are on the front lines of the most intense global competition in history where it is virtually impossible to raise prices. Yet, costs do rise, often because of what government does or does not do. The NAM is taking this message to policy-makers, the news media and all Americans; and advocating pro-manufacturing public policies.

 

Manufacturing Facts provided by the National Association of Manufacturing.

 



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