Why does Manufacturing Matter?
Facts
- Manufacturing supports 18.5 million jobs in the United States.
- Manufacturers contribute $2.17 trillion to our economy.
- On its own, manufacturing in the United States would be the 9th largest economy in the world.
- Manufacturers perform more than 75% of all private-sector R&D in the United States.
- The average manufacturing employee earns nearly $80,000 per year, or 24% more than workers in other industries.
- Most manufacturers are small businesses, with deep roots in their communities.
Every state, from Maine to Hawaii, relies on manufacturers to fuel our economy and put people to work. Still not convinced? Click here to see how manufacturing impacts your state.
Yet our livelihood and our ability to create great high-paying jobs for hardworking Americans is being put at risk by policies that hurt manufacturing in America:
- We have the highest corporate tax rate among industrialized countries, yet Congress can’t move forward with balanced tax reform legislation that would help us compete against foreign companies.
- 95% of the world’s customers live outside the U.S., but many of our leaders can’t seem to agree that trade agreements are vital to manufacturers.
- Our roads and bridges are crumbling, yet we can’t fund infrastructure improvements.
- Out-of-control government regulations take $4 trillion out of our economy each year, but instead of fixing the problem, there are even more costly and burdensome regulations coming down the pike.
Resources
About Friends of Manufacturing
Friends of Manufacturing knows the vital role that manufacturing plays in each and every community, big or small, throughout the United States. We believe that everyone, from the machine operator, to the small business owner, to the millions of Americans who want to make Manufacturing in America everything it can be, should have a say in government policies that affect their livelihood. We’ll let you know when issues that are critical to our well-being are being debated in Washington. And we’ll let you know what you can do about it. With your help, we can make Manufacturing in America as strong as it can be, for our communities, for our workers, and for our future.