The landscape of American manufacturing has experienced its fair share of ups and downs over the past several hundred years, from the development of the first interchangeable parts in 1801 to the first moving assembly line in 1913, and from the discovery of lean manufacturing principles in the 1930s to the offshoring trend that began in the 1970s.
These ups and downs alike have played a tremendous role in shaping the U.S. economy and employment opportunities for American workers. Fortunately, the current state of U.S. manufacturing appears more promising than ever, and we’ve got the numbers to prove it.
For instance, U.S. manufacturing has become a huge provider of jobs within the small business network, meaning small local economies get a boost as well as the greater national economy. U.S. manufacturing also has the highest multiplier effect of any sector. In other words, manufacturing is absolutely where America needs to be investing its dollars and its workers, since we get a higher ROI by investing in manufacturing than we do in any other American sector.
Check out the infographic below to learn more about these and other inspiring U.S. manufacturing statistics.
Infographic courtesy of MP Star Financial.
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