While U.S factories have added more than 500,000 jobs in the United States since early 2010, he notes, the manufacturing sector lost nearly 5.7 million jobs from 2000 to 2010 and U.S. companies are still operating at a 20 percent cost disadvantage.
Manufacturing drives research and innovation. It promotes skills development. And it pays better than a lot of other jobs. The average hourly pay for a factory worker making durable goods was $20.15 in January, almost a dollar an hour better than the broad service category.
Job growth may be inching up, but the economy is taking its own sweet time to recover. Statistics show that it will be 2015 before most states regain their pre-Recession employment levels. Is it possible for any region to beat those odds? Here is one way.