Sunday, September 18, 2011

Decline of Manufacturing- New Future in US for Manufacturing

Could the US start making stuff again. lost one third of all manufacturing jobs in last decade.

Possible? Or just wishful thinking?

Outsourcing versus on-sourcing.

Productivity of US worker 3 times higher than I terminational workers.

Build where we sell is the theme.

Lake Oeipn GM plant the union workers will make $16 per hour. Well below the medium wage. Great experiment t by UAW and GM.

Innovation happens on factory floor not just in R&D labs.

US leads in innovation.

Need a modern day manufacturing policy in US according to Dow CEO

Private sector need not be afraid of a conversation with government according to Dow CEO. It is crucial to our future he says.

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