September 10, 2013: New report on manufacturing's existential crisis -- what is manufacturing?
Congressional attention may be focused on the national debate surrounding military action in Syria … but that hasn’t stopped the Capitol Hill wheels from turning on trade issues. To wit, Tuesday in DC has begun with a letter from a coalition of business and trade groups asking key congressional committees to reauthorize Trade Promotion Authority (TPA) legislation. The Obama administration needs TPA reauthorization to move quickly on the completion of a pair of big-time trade deals -- the Trans Pacific Partnership (TTP) with countries around the Pacific rim, and the Transatlantic Trade and Investment Partnership (TTIP) with Europe.
But let’s remember our priorities, people: Tackling the record trade deficit with China ($315 billion in 2012, and a one-month record of $30.1 billion in August 2013) should be at the top of America’s trade agenda. Tacking on new trade deals isn’t going to address the underlying problems we’ve got with the American economy. Namely? We need more manufacturing jobs, pronto.
Elsewhere around the web:
The key to economic potential in the south? Advanced Manufacturing. So says a report from the Manufacturers Alliance for Productivity and Innovation (MAPI). Commissioned by the Southern Governors’ Association, it finds that “a strategic policy approach should be developed that places advanced manufacturing in the broader context of regional economic development needs.” Sounds like a region-sized version of another manufacturing strategy we know …
A new take on the manufacturing numbers, but it smells fishy. A study by economists from Dartmouth College suggests R&D work should be included in domestic manufacturing jobs numbers … even when the actual production is done overseas.
Another day, another legit manufacturing fact:
About 95 percent of clothes sold in the U.S. in the 1960s were made in New York City’s garment district. Today, it’s 3 percent.
Looking for American-made fashion ideas? Oh, you know we've got you covered.
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