Do you ever get completely frustrated by the news and the pessimistic outlook on our economy – specifically the gloomy news surrounding manufacturing in the U.S.? I know I do! Mostly because business is pretty dog-gone good for us – a distributor that sells electrical products to manufacturers as well as others. So out of complete frustration from hearing bad news, I’ve collected a few links and comments expressing more optimism in the future of manufacturers and those that are employed in the manufacturing sector.
Manufacturing Expands At Fastest Pace Since June is a recent article from the Industrial Distribution website that suggests the rate of economic growth in the coming quarters might slow a bit but provides strong evidence that we’re off to a good start in 2012. This article from Textile World also shows that some of manufacturing’s hardest hit sectors of the last decade or so are holding there own and projecting modest growth into next year (Textiles 2012: The Prognosis Is Good).
One of the limiting factors in manufacturers’ ability to grow still appears to be limited access to skilled workers. My post on why there aren’t more young controls engineers touched on some reasons why there is a skilled labor shortage. The bottom line though is those that find work in high-tech manufacturing jobs can be compensated quite well. These posts and links from the US Commerce Department and MFG.com express similar ideas about the struggle to find enough workers and the opportunities for those pursuing manufacturing careers.
Ironically enough there are still numerous nay-sayers that don’t understand the role manufacturing plays. This article from the Fiscal Times, Why America Shouldn’t Focus on Manufacturing contends that there is no hope for US manufacturing and we should be focused on other avenues to prosperity(via @AJSweatt). I disagree.