The following news is regarding "manufacturing" in general. This is not specific data regarding the clothing & textile industry only. However, we thought it would be a good idea to share this news with you and also remind you that if you design fashion for the USA clothing market, you should take a moment to consider utilizing clothing factories in the United States.
Presidential hopefuls misrepresent America’s manufacturing
data, economist says
Data contradicts presidential candidates’ claims that
America’s manufacturing industry is in dire straits, says Ball State’s Michael
Hicks, an economics professor.
“They are peddling untruths,” said Hicks, director of Ball
State University’s Center for Business and Economic Research. “During recent
visits to Indiana for the primaries, these candidates claim that Indiana is
suffering, but the state had a record year for manufacturing’s value of goods
produced in both 2014 and 2015.
“They also claim that bad policies are causing manufacturers
to send jobs overseas or to Mexico,” he said. “However, research shows that
increasing productivity accounts for 88 percent of job losses in
manufacturing.”
In a recent study, The Myth and the Reality of Manufacturing in
America, Hicks analyzed how the nation’s
manufacturing sectors have recovered from the Great Recession.
“There are major misunderstandings among the public and the
media about the manufacturing sector,” he said. “The U.S. manufacturing base is
not in decline, and we have recovered from the recession. Nor are jobs being
outsourced because American manufacturing can’t compete internationally.
Moreover, new jobs in manufacturing pay well above the average
wage.”
The study notes that the Great Recession had lost its
stranglehold by 2014, when U.S. manufacturers attained record levels of
production.
“Less than 4 percent of all manufacturing jobs lost over the
past decade can be linked to international trade, and most of trade-related job
losses are in low-productivity sectors,” Hicks said. “Changes in productivity,
domestic demand and foreign trade all impact manufacturing employment in the
U.S., and it’s important to clarify those impacts in order to understand what is
happening in the manufacturing and logistics industries.”
Note: the above article was provided to Apparel Search by Ball State University.
Note: the above article was provided to Apparel Search by Ball State University.
You can learn more about Ball State University at www.bsu.edu
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