Worker confidence in the manufacturing industry has peaked for the first time in four years. Reshoring and the increasingly innovative culture among manufacturers are two key factors driving this optimism.
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.
The upheaval that was the story of U.S. manufacturing in the last couple of decades of the 20th century erased thousands of manufacturing jobs and along with it, the identities of dozens of places that were synonomous with the things they made.
No, we are not headed back any time soon to the factory boom that peaked in the 1950s. But, manufacturing is, dare we say it, almost sexy again, whether it comes through organic growth or comes through reshoring.