Challenges to U.S. Manufacturing

According to a study released by the National Association of Manufacturers, “intense global competition and the rising cost of doing business in the U.S. threaten manufacturing’s capability to maintain the nation’s economic strength and standard of living.” The report cites the causes of the decline of U.S. manufacturing as:

  • Increased competition
  • Declining export opportunities
  • Decreased R&D investments
  • Lack of a skilled workforce

See the report, “Securing America’s Future: The Case for a Strong Manufacturing Base”, at: <http://www.nam.org/secondary.asp?TrackID=&CategoryID=1193>.