Posted on 06/08/2015 5:41:35 PM PDT by 2ndDivisionVet
Did you know the U.S. government has rolled out a big new federal program to revive the U.S. manufacturing sector?
The proposed budget for this new effort now surpasses $2.4 billion, and, surprisingly, it has received a level of bipartisan support that hasn't been seen for years, if not decades, for manufacturing.
This new program has a big mouthful of a name -- the National Network for Manufacturing Innovation or NNMI -- and it's targeted at correcting one of the most fundamental weaknesses in America's manufacturing infrastructure: our waning competitiveness in manufacturing technologies.
I call this project "top secret" because very few people know about it or understand it.
What are manufacturing technologies? Quite simply, they are the high-tech machines, tools, equipment and software that actually help make things in factories. Things like metalcutting machines, lasers, robots and, increasingly, 3D printers.
When the U.S. manufacturing sector began its long slide a few decades ago, which culminated in the loss of 6 million jobs between 2000 and 2011, a lot of blame was given to low wages in foreign countries and free trade deals. By and large, the conventional wisdom has been that profit-driven companies simply outsourced our jobs.
There was nary a mention of how the U.S. was losing its competitiveness in manufacturing technologies....
(Excerpt) Read more at huffingtonpost.com ...
Huffing ton? They’re probably pushing a bloated government program that will strangle existing businesses, rather than help them, unless you are one of the favored elect.
The ten most frightening words in the English language.
“You got a business? You didn’t build that.”
Wage differences and tax differences were all the incentive needed to off-shore.
Getting behind in manufacturing technologies occurs because you no longer have the manufacturing base to innovate on. The innovation is occurring in the countries with the manufacturing, not here.
This article is trying to put the cart before the horse.
And the problem with this plan, is that it’s a subsidy that doesn’t fix the fundamental problem in the economy.
We will subsidize machines that the Chinese will then buy at a discount when the wage differentials undermine the new companies that received the subsidies. In effect we will be subsidizing new machines for the Chinese.
And the problem with this plan, is that it’s a subsidy that doesn’t fix the fundamental problem in the economy.
We will subsidize machines that the Chinese will then buy at a discount when the wage differentials undermine the new companies that received the subsidies. In effect we will be subsidizing new machines for the Chinese.
Boston Consulting Group has been laying out the case for reshoring of manufacturing to the US for several years. But it’s not an even playing field, some states/regions and some industries are going to benefit more than others, and some jobs in some industries will never return. Which is a good thing.
You’re quite the cock-eyed optimist, aren’t you?
Offshored labor doesn’t qualify for Obamacare either.
The more government requirements on employers of those in the US, the fewer stateside jobs there will be at corporations in the US.
A bloated government program to “improve” competitiveness while at the same time doing what can be done to sell out whats left of American manufacturing competitiveness via trade agreements.
The chutzpah is amazing. And remember...we voted for it. See tagline.
Sure, they will make solar panels with no workers on the line and will overproduce so that there will be no economical market for them.
Exactly.
How about we just stop double taxing, hyper-regulating, and torting manufacturers to death? Wouldn’t that be sufficient without anything proactive?
Figures, these people think the way to fix something is another government program.
It will drain the lifeblood long before it produces any results.
No patriot would ever say that.
We should give it a chance. After all, more government in business worked well for the Soviets.
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