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Thursday, September 15, 2011

Manufacturing in the United States

It seems we all agree there needs to be more manufacturing and so, manufacturing jobs here in the US. It seems to be one thing on which we can all agree. There is a terrific article in The New York Times (of course) this past Sunday on that very subject. (See link below). Check out this statistic from the article: "Manufacturing’s contribution to gross domestic product — roughly equivalent to national income — has declined to just 11.7 percent last year from as much as 28 percent in the 1950s, according to the Bureau of Economic Analysis." The thing is, right now companies can get tax deductions to take this work offshore. It seems some representative or representatives in Washington should propose a law rescinding any and all tax deductions or tax credits that would take manufacturing offshore, wouldn't you think? I've said this before. Why should we reward any company in this nation, to take manufacturing companies and work and jobs outside the country? It's crazy. It makes no sense. Why can't this happen now? It should have already taken place, for that matter, long ago. Here's hoping. Link: http://www.nytimes.com/2011/09/11/business/is-manufacturing-falling-off-the-us-radar-screen.html?nl=todaysheadlines&emc=tha25

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