The road is still very long. We want to concentrate for now on manufacturing in the U.S. If I don’t succeed, my son will continue with it. If he doesn’t make it, my grandson will.
I really believe in U.S. manufacturing and U.S. exports, but we have to have a level playing field.
Whether you’re looking at manufacturing and the use of robotics or the knowledge industries, they need computer programmers.
The most expensive part of any manufacturing unit is the paint shop.
In Indiana, which has been hard hit by manufacturing losses, job declines, and shrinking wages, Governor Pence combined tax cuts with spending restraint to spur the Hoosier economy.
The U.S. is an optimistic nation. No candidate has ever won the American presidency by speaking primarily to people’s deepest fears and by manufacturing a sense of apocalypse – that our leaders ‘can’t do anything right,’ that things are utterly falling apart.
We targeted five industries for growth, industries where we have natural advantages in North Dakota: value-added agriculture, advanced manufacturing, technology-based businesses, energy and tourism. We worked very hard to grow all those businesses, and that’s what’s happening.
Tech is important, but if you look at even the successful tech start-ups, you see they employ only dozens of people at most. Tech is never going to have the impact on the job market that manufacturing has.
The hardware business is all about per-unit manufacturing cost and functionality. The services business is less asset-intensive and more dependent on people.
Imagine if investors in Wal-Mart really cared about bribery at that company’s overseas operations or safety standards at its overseas manufacturing plants. If investors pulled their capital, corporate leaders would have to respond.
Before I was State Treasurer, my Rhode Island business helped create over 1,000 jobs, including here at Nabsys, a biomedical company. As governor, I’ll use this as a model for how we create manufacturing jobs.
Food manufacturing is an ideal candidate for targeted accelerated depreciation because the food industry, our biggest industry, creates significant flow-on benefits.
The most powerful recent innovation in government is when states aggressively use community colleges for retraining. In Michigan, where large numbers of workers were displaced from the manufacturing industry, we created a wildly successful program: No Worker Left Behind.
As our farms and factories grew more efficient, they accounted for a shrinking share of our economy. And the more productive agriculture and manufacturing became, the fewer people they employed.
I said that if I were an industrialist or entrepreneur, I would invest in agriculture-based enterprises, for there is so much that can be done in manufacturing, in food preservation.
As more workers lose manufacturing jobs as companies cut back, some are being forced into lower-paying retail jobs. But they still have union cards in their wallets.
I don’t like stuff that can only go into one set; I want stuff that can be applied across sets. It’s a more real Lego building experience. And, of course, it’s the same from a manufacturing point of view. I want elements that are universal; that gives me the best economics and best utilisation of the mould.
American jobs are being lost to foreign countries, and U.S. companies are urged to move their manufacturing plants, new technologies and headquarters overseas.
I am inclined to attach some importance to the new system of manufacturing; and venture to throw it out with the hope of its receiving a full discussion among those who are most interestedin the subject.
If you are going into any manufacturing establishment, don’t go there by reason of any influence you may have. Start upon your own merits, and start in some lowly position, no matter what it is. Be a laborer, if you will. I don’t know but that is the best way to start.
This was the period when I used all the influence I had to get the British to abandon their export trade, and as much as possible convert all of their manufacturing facilities to the immediate needs of the war, including civilian, as well as military requirements.
I’ve gone to China, bought a manufacturing company and moved it to America. Now China wants to buy back some of that new technology from me. That’s a great story for America.
When Japan was on the rise, American governors would come to inspect Toyota City and study ‘just in time’ manufacturing to increase efficiency; when America was at its peak in the late 1990s, the world beat a path to its venture capitalists.
We have to prove that digital manufacturing is inclusive. Then, the true narrative will emerge: Welcome, robots. You’ll help us. But humans are still our future.
To be sure, India has achieved enviable success in business services, like the glistening call centers in Bangalore and elsewhere. But in the global jousting for manufacturing jobs, India does not get its share.
Outsourcing and globalization of manufacturing allows companies to reduce costs, benefits consumers with lower cost goods and services, causes economic expansion that reduces unemployment, and increases productivity and job creation.
Cheap natural gas is a big stimulus to petrochemical production and a meaningful one for all U.S. manufacturing.
Now listen, the one thing about agriculture is we’ve lost our manufacturing, we’ve lost a great deal of jobs overseas, lots of our industry. The last thing in the world we need to do is lose the ability to produce our food.
My family has been in the business of manufacturing exclusive handcrafted jewelry for many years.
China is a great manufacturing center, but it’s actually mostly an assembly plant. So it assembles parts and components, high technology that comes from the surrounding industrial – more advanced industrial centers – Japan, Taiwan, South Korea, Singapore, the United States, Europe – and it basically assembles them.
A successful argument for a government manufacturing policy has to go beyond the feeling that it’s better to produce ‘real things’ than services. American consumers value health care and haircuts as much as washing machines and hair dryers.
In my view, statutory ambiguities are less like dandelions on an unmowed lawn than they are like manufacturing defects in a modern automobile: they happen, but they are pretty rare, given the number of parts involved.
During the 1950s, I decided, as did many others, that many practical problems were beyond analytic solution and that simulation techniques were required. At RAND, I participated in the building of large logistics simulation models; at General Electric, I helped build models of manufacturing plants.
We need to draw up a regime where government can be an enabler for manufacturing to compete at good quality and prices.
In every society, manufacturing builds the lower middle class. If you give up manufacturing, you end up with haves and have-nots, and you get social polarization. The whole lower middle class sinks.
There has to be a drive to make the U.K. competitive in the motorcar industry or in the engineering industry. To do that, you have to give attention to the manufacturing sector.
The most important thing for Africa is that whoever wants to invest in our countries should start in manufacturing.
Manufacturing and other unskilled professions that were union jobs, that allowed people to live a middle-class life, are disappearing both because unions are disappearing and because of the global nature of the economy.
When a population saves a lot, the funds are invested outside the country as well as inside. If the Japanese invest in the United States, it pushes their exchange rate down and makes their manufacturing more competitive.
Until the Chinese decide to compete fairly it will be up to us to do what we can to further protect our manufacturing base, and ensure we keep the good paying jobs we already have.
Some bold and structural reforms have been initiated such as easing on limits on foreign direct investment in defence manufacturing, privatisation of six more airports and allowing private sector in commercial coal mining, which will open up investment in these sectors.
If you ask an economist what’s driven economic growth, it’s been major advances in things that mattered – the mechanization of farming, mass manufacturing, things like that. The problem is, our society is not organized around doing that.
Coal is tied to steel jobs, trucking jobs, and manufacturing jobs.
There are 1600 German companies active in India, and some of them are more than 100 years old. Our companies value India as a location for manufacturing and as a market.
China’s continued growth and rising household income are creating opportunities for lower-income economies in low-cost manufacturing.
India is the most competitive manufacturing destination on this planet. If we are able to take advantage of that competitiveness for our domestic markets, this country would be humming with activity; industrial production will grow at 10-11% per year.
In the business world, we can point to instances when a lack of integrity has bankrupted entire companies – in sectors as different as finance, telecommunications, manufacturing, and energy.
Manufacturing is finite, but human intellect is infinite. Textile is all about manufacturing, and industries like pharmaceuticals are all about human intellect.
