Interesting Facts about the Manufacturing Industry in America
Of all the kinds of industries we see today, manufacturing is one of the few indispensable ones. Well, there’s no denying the fact that all physical things we use to make our lives more convenient has to be manufactured somewhere, right? Literally all the things we use and abuse are all because of the industry of manufacturing, including computers, phones, paper, clothes, among others. In turn, this industry is benefitting a lot from technology and constant flow of innovation.
And when the talk is about the biggest manufacturing industry in the world by country, the United States is certainly on top. Perhaps the more interesting fact is that this country’s manufacturing industry is so huge that it always has an effect to the manufacturing industries of the rest of the world.
Anyway, let’s see some more interesting facts about this important sector of America’s economy.
1 – You definitely should give manufacturing a tap on the back as it accounts for roughly 12% of this country’s gross domestic product. Taking this into consideration, one can pretty much assume that U.S. manufacturing is an indispensable element of economic productivity.
2 – About 10-11% of the American labor force is employed in the manufacturing sector. To put it in simple terms, millions of Americans work in factories and plants to earn a living.
3 – If this particular sector was to be made a separate economy, it would be the eight largest in the world per gross domestic product.
4 – Every time a manufacturing project or job is opened, it normally leads to the creation of new jobs in the local service businesses linked to it. This kind of effect is not surprising considering the high demand for labor in this particular sector.
5 – Though it sound very unlikely, the manufacturing sector is actually the leader in terms of its dedication and commitment to promoting the use of renewable energy. As a matter of fact, it alone makes better use of renewable energy than the transportation, commercial, and residential sectors combined.
6 – Aside from the commitment to the use of sustainable energy sources, manufacturing is also a big contributor in both research and development. The reason for this is because the sector is pretty much a constantly evolving one that needs all the advancements and innovations it can get in order to keep up with other industries.
By learning all those facts, you now can easily come to the conclusion that the manufacturing industry is on track to becoming the most important and vital sector of the entire U.S. economy in the near future.
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