In 1953, manufacturing accounted for almost 30 percent of gross domestic product (GDP). By 2009, that figure shrunk to approximately 11 percent, largely due to the most recent recession in the United States and China’s manufacturing expansion.
During the last two years, manufacturing has begun a comeback, rising to 12.2 percent of GDP. As the cost advantages of outsourcing factory work to China, Mexico, Japan and other countries continue to disappear and non-American plants shift back to the U.S., the impact could be staggering.
Boston Consulting Group (BCG) estimates that increased production manufacturing recovered from China alone will add $20 billion to $55 billion annually to the American economy, while our exports could increase by at least $65 billion annually. New manufacturing jobs would create 1.8 million to 2.8 million additional jobs in related
sectors and lower unemployment numbers by 1.5 to 2 percentage points.
Yes, manufacturing is coming back to the United States. But this is not your father’s manufacturing industry.
Years ago, the manufacturing workforce was largely unskilled. Today, manufacturing jobs require specialized training and education. More than yesterday’s assembly line workers, today’s manufacturing jobs involve machine operation, engineering, robotics and computer skills in the aerospace, semiconductor, automotive and medical equipment industries.
Manufacturing employees and plant managers have jobs to fill. Good jobs. High-paying jobs. But there’s an education gap. A skills gap. Today, the great jobs seem to outnumber the great candidates.
Bear Staffing helps manufacturing companies bridge these gaps by connecting them with qualified candidates who have been trained and educated on the latest equipment, software and techniques. In other words, Bear can help manufacturing companies match your company with candidates who are ready for today’s American manufacturing industry
Contact usand let Bear find qualified candidates for your manufacturing facility.