Remanufacturing America’s Factory Sector – a Call for a National Strategic Vision October 10, 2009
Posted by Jeff Fuchs in Creativity & Innovation, economy, government, manufacturing.Tags: Creativity & Innovation, economy, manufacturing
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In a recent Business Week article, Thomas D. Kuczmarski argues the case for a national, coordinated strategy to unleash the power of American innovation, with the target of dramatically increasing domestic manufacturing as the economy rises out of recession, as it eventually will.
“Conventional wisdom says American manufacturing jobs are gone forever, outsourced to low-wage, low-regulation nations.” Mr. Kuczmarski disagrees. Citing such sustainable advantages as a stable legal environment, lack of relative political risk, and simplified logistics, the author challenges industry leaders and the Obama administration to build a national effort to craft a coherent, actionable plan for the revitalization of the U.S. manufacturing sector.
For the complete article, click here.
I’ve been thinking about the very same issue for months and I agree that we need to dramatically increase our manufacturing base. As a country we cannot depend so heavily on the service sector for jobs. Furthermore, the manufacturing base fosters innovation and growth, which are sorely needed in the U.S. economy.