Manufacturing Matters via Fox News

8 Mar

Earlier this week, Fox News published an interesting opinion that put American manufacturing in context with the rest of the economy.  The author, Peter Morici, also left us a quote I really like which points out all of the other secondary benefits that come with US manufacturing:

“…manufacturing contributes to the dynamics of growth in other ways. It pays higher wages and supports two-thirds of all R&D, which generates the intellectual property that supports America’s higher standard of living.

Without manufacturing, much of the innovation in services would not happen. For example, were Intel and IBM not U.S.-based companies, it is highly doubtful that Apple, Microsoft and business solutions software companies—who do the lion’s share of R&D in the services sector—would be American-based firms today.”


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: