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Made in America: Why It’s Important to Invest in Manufacturing

Products bearing the Made in the USA seal are often hard to come by, but when you do there is a sense of pride, and for good reason. Manufacturing in America plays a huge role in the economy, ranging from job numbers to the economic boost it provides to other industries.

According to the National Association of Manufacturers (NAM), manufacturers contributed nearly $2.4 trillion to the U.S. economy in the fourth quarter of 2019, a new all-time high. To put it into perspective, for every dollar invested in manufacturing, another $2.74 is added to the economy.

Although COVID-19 has interrupted manufacturing, the future of the sector is looking promising. Since 1990, the export of U.S. manufactured products has quadrupled, and that number is only projected to grow. Over the next decade, the Deloitte and The Manufacturing Institute predicts 4.6 million manufacturing jobs will need to be filled in order to keep up with the demand.

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This post first appeared on MadgeTech Data Loggers, please read the originial post: here

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Made in America: Why It’s Important to Invest in Manufacturing

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