The Great Manufacturing Debate
The Information Technology and Innovation Foundation (ITIF) just released a report that details the decline and output in the U.S. manufacturing sector over the last decade … and exposes flaws in productivity assumptions. It is very timely industry reading.
The National Council for Advanced Manufacturing (NACFAM) has published an Executive Summary of the report that contains some points that will be discussed at NACFAM’s Annual Policy Conference on April 25th at the Hyatt Regency Crystal City Hotel in Arlington, VA.
The entitled Worse Than the Great Depression: What the Experts Are Missing about American Manufacturing Decline, debunks widely held myths about productivity gains, restructuring, and a manufacturing renaissance and reveals the stark reality of a historic decline in U.S. competitiveness and unprecedented deindustrialization. The report explains what the United States is experiencing is not merely another boom and bust cycle but a structural decline more akin to what Britain experienced in the 1960s and 1970s when it lost its industrial leadership.
Read the entire report here.