FACT OF THE DAY: Factory jobs pay better
Kudos to Tim Aeppel at the Wall Street Journal. In a piece for Real Time Economics, he reported that manufacturing workers earn almost 40% more than hirees in other sectors of the U.S. economy:
Economists at the Commerce Department...found that the average monthly earnings of newly hired factory workers was 38% higher than for new workers in other industries as of the end of 2011.
All of this points to one of the Alliance for American Manufacturing's (AAM) key points, namely that manufacturing matters. Manufacturing pays well, supports other jobs throughout the surrounding economy, and helps form the basis of a strong middle class.
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