Manufacturing’s Rebirth In America: A Chance To Embrace Fair Wages

- Manufacturing is returning to the US and the pace of new factories being built is increasing.

- The need for better quality control, lower shipping costs, faster time-to-market, and more reliable supply chains are driving this boom.

- Manufacturing was crucial to America's Golden Age in the 50s and 60s and into the 70s when American industry was in its glory.

- Many new factories are building electronics components and EV car batteries, but manufacturing is growing in little niche markets too.

- The pandemic woke everyone up to the dependency on foreign manufacturing and the way it has throttled the response to rising demand for products following lockdowns.

- The new jobs require people who understand computer tech and robotics as well as sophisticated logistics.

- The new manufacturing will encourage a close partnership with all stakeholders.

- The core of stakeholder capitalism is to build trust and loyalty and motivation by treating each worker as a potential profit center.

Source: Link