Manufacturing matters

Monday, September 8, 2014
 | 
Chris Woodward (OneNewsNow.com)

According to the president of a non-profit that works to make American manufacturing and "Made in America" top-of-mind concerns for voters and national leaders, things could certainly be better for America's manufacturing sector.

Paul

Scott Paul, president of the Alliance for American Manufacturing (AAM), tells OneNewsNow that zero manufacturing jobs were added in August. And while there is always a blip in the summer when auto plants tend to go offline and retool, that factor does not account for this sudden drop.

"If you look outside of the auto sector, there wasn't a lot of strength represented in other parts of manufacturing," he says. "I think we see a persistently high trade deficit with China. It's not going down; in fact it's going up. And I think that there still is a lot of insecurity out there that is holding manufacturing back from its full potential."

The manufacturing sector accounts for about two-thirds of all private research and development in the U.S., and as Paul points out, it is also important to innovation and national security.

"The sector accounts for 90 percent of all patents that are filed in the United States," the AAM president reports. "So again, that points back to innovation important to national security. And a manufacturing job is able to support other jobs in the community -- in the retail sector and the service sector. It doesn't work the other way around. That's why it's important."

President Obama pledged to create one million manufacturing jobs in his second term. To date, 193,000 jobs have been added.

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