Manufacturing’s global (and local) impact
According to engineering firm, Siemens, “Manufacturing is at the heart of a strong economy.” In fact, Siemens reports, “Manufacturing provides 17 percent of global GDP…is responsible for 70 percent of global trade … and has a 77 percent share of global research and development.”
More food for thought – every US dollar spent in manufacturing generates 1.4 US dollars in other branches of our economy, and every one job created in manufacturing creates 2.2 jobs in other sectors.
Multiple sources including the Brookings Institution, Industry Week and Assembly Magazine, all point to the fact that manufacturing is critical to our country’s national security, economy, pace of innovation and standing as a global superpower.
Manufacturing jobs have changedA recent survey by SME found that parents are unlikely to recommend careers in the manufacturing industry to their children. What they don’t understand is that today’s manufacturing industry is not their parents’ or grandparents’ manufacturing industry.
Manufacturing jobsites have changedWhat do you imagine when you think of manufacturing jobs? Do you picture a highly industrial environment with dangerous machinery and assembly lines staffed with bored employees? “In actuality, manufacturing jobs and jobsites aren’t like that at all,” says Krauss. “Many of today’s manufacturing environments look more like clean rooms, with laboratory-like settings.” Likewise, technological advances have removed many of the safety risks once associated with manufacturing jobs.
Those with necessary skill-sets are much in demand.Today’s manufacturing industry is experiencing an alarming workforce shortage. According to GE, “The industry’s Manufacturing Institute predicts that as many as 2 million future jobs could go unfilled from the lack of workers with the right technology, computer and technical skills.”
Manufacturing careers make good financial sense.With the ever-increasing cost of college tuition, training in advanced manufacturing skills can typically be obtained in two years or less at community colleges or vocational schools, making this a very economic decision. Salaries in today’s manufacturing field are promising, with the average U.S. manufacturing worker earning $77,506.