October 5, 2012 is the first National Manufacturing Day to be celebrated in our country. It is an attempt by The National Association of Manufacturers (NAM) and The Manufacturing Institute to educate the American public about the necessity to have a strong manufacturing industry in place in the U.S. and about all the opportunities that will derive as a result.
The Fabricators & Manufacturers Association, International (FMA), and the U.S. Commerce Department’s Hollings Manufacturing Extension Partnership (MEP) have joined in to help co-sponsor this day and the events surrounding it. Precision Plus is proud to join in to celebrate our industry’s accomplishments in manufacturing.
Here are some impressive statistics about the manufacturing industry everyone should know:
- For every $1.00 produced by the U.S. manufacturing sector, an additional $1.43 is generated for the U.S. economy.
- On average, manufacturing revenue from just 5 states typically adds over a half trillion dollars to the U.S. economy.
- 2/3 of the research and development in the private sector comes from the manufacturing industries.
- For every job created in the manufacturing sector, 2.91 jobs are created in other sectors.
- Jobs in the Manufacturing sector (from MEPblog)
- make more than $77,000 a year on average (about $20k more than other industries)
- have good access to medical benefits (25% more access than other industries)
- collectively get more contributions to their retirement from their employers than their peers in the service industry, and
- have the highest job tenure in the private sector
Manufacturing Day hopes to inform the American public about all the positives in the manufacturing sector and debunk the old myths of the old ‘factory job’. Recent studies have shown that ‘600,000 manufacturing jobs are unfilled in the United States due to a gap in the job requirements and the skills within the workforce.’
Special events to bring awareness to National Manufacturing Day are being conducted around the country today. In our own back yard, the Waukesha County Business Alliance and the Manufacturing Alliance Committee have organized tours of area manufacturing facilities, inviting Waukesha County students, parents and educators to participate.
Precision Plus applauds these efforts at being part of the solution to the lack of skilled workers and is proud to be a part of the First National Manufacturing Day: October 5, 2012.