Next for U.S. manufacturing: Increasing pay and benefits
What’s next for U.S. manufacturing? Jay Timmons discusses what the future holds for manufacturers and the key changes that will transform the industry.
The latest tax changes in Washington D.C. have “transformed the business climate,” said Jay Timmons, CEO of the National Association of Manufacturers.
“Manufacturing in America is a confident industry,” Timmons said. Now, he said, nearly 2/3 of companies expect to spend more on facilities and equipment and about 50 percent plan to hire for new positions – while over half plan to increase wages and benefits.
Timmons will make visits in eight states over the next 10 days, with the mission of highlighting “manufacturing’s optimistic future, the rewarding opportunities the industry offers and the urgent need to build a modern manufacturing workforce across the country,” according to NAM.