Leo Hindrey Calls Out Offshoring, Draws Attention to Manufacturing Imperative
As Chairman of the U.S. Economy/Smart Globalization Initiative at the New America Foundation, and a co-author of AAM's book Manufacturing the Future of America, Leo Hindrey, Jr. knows a thing or two about the importance of a national manufacturing strategy and creating American jobs.
In a Huffington Post piece entitled "The Myths of Offshoring: The Imperative of Manufacturing," Hindrey examines the myths surrounding offshoring, especially the misconception that "the offshoring of literally millions of American manufacturing jobs is an acceptable price to pay for lower cost imported consumer goods."
Hindrey explains why offshoring is oftentimes peceived as a good thing, and that the U.S. Bureau of Labor Statistics delivers flawed data regarding the U.S. GDP where the production of goods by American companies in foreign countries does not correspond to domestic production, creating what Hindrey calls a "phantom GDP."
He goes on to address the President's new Council on Jobs and Competitiveness, headed by GE's Jeffrey Immelt, and challenges on the Council to do three things:
- Mandate trade reform, especially with China.
- Ensure that any trade reform agenda is a fair trade reform agenda.
- Prevent further unwarranted offshoring of American jobs.
Related recent Blogs
- Indiana manufacturing program expands • by TGarland • 12/05/2013
- Scott Paul: Keep skilled jobs for skilled workers in Washington • by mmcmullan • 12/05/2013
- December 5, 2013: Another voice for a currency rule in the TPP • by mmcmullan • 12/05/2013
- Some Made in America gift ideas for the obnoxious teenager in your life • by LDonia • 12/04/2013
- A bad time to sideline trade talks • by mmcmullan • 12/04/2013
- Infrastructure investment means job creation • by TGarland • 12/04/2013
- December 4, 2013: Familiar trade deficit doldrums • by mmcmullan • 12/04/2013
- China trade deficit on pace for new record, but will anyone notice? Alliance for American Manufacturing (AAM) Statement. • by scapozzola • 12/04/2013
- What to do with abandoned factories? Bring in the artists! • by LDonia • 12/03/2013
- Surprise, surprise? Americans still say job creation should be top priority • by mmcmullan • 12/03/2013