Manufacturing CFOs show Optimism About Economy
21 0

Posted by  in Research + Statistics recently published an article noting that CFOs are more optimistic about economic growth in 2013.  Manufacturing remains critical to our ability to build a balanced economy with good jobs. It accounts for over 80 percent of our exports and 90 percent of our patents and R&D spending according to the U.S. International Trade Commission and the Department of Commerce. As such, it’s a jobs multiplier: Every new manufacturing job creates an additional 4.6 jobs to support it. For high-tech manufacturing jobs, the multiplier effect rises to 16 additional jobs. Because of increased productivity, the cost of labor is becoming a less significant factor in siting decisions, while the costs of energy, materials, and transportation increasingly matter more. That bodes well for the U.S., where our workforce is huge, energy is plentiful and cheap, and labor costs are not that high compared with Germany and other countries with strong manufacturing sectors.

Click here to read the article!

Leave a comment

* required