Industrial Insight

we are special …. | February 10, 2012

http://www.theatlantic.com/business/archive/2012/02/manufacturing-is-special-why-america-needs-its-makers/252796/

Manufacturing Is Special: Why America Needs Its Makers

By Howard Wial

Feb 9 2012, 10:30 AM ET

WHY MANUFACTURING IS DIFFERENT

Let’s start with innovation, which is the force that powers long-term improvements in our standard of living. Here, manufacturing strongly outperforms the rest of the U.S. economy. Manufacturers are responsible for more than two thirds of all company-performed domestic research and development spending, even though they only generate about 11 percent of America’s GDP. More than a third of all U.S. engineers work in manufacturing. And about 22 percent of all manufacturers introduced a new product or service between 2006 and 2008, compared to 8 percent of non-manufacturing firms.

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