Anyone have thoughts on this?
Is US Manufacturing Losing Its Toolbox? | IndustryWeek
It's an analysis of employment and number of businesses in specific manufacturing segments from 2002 to 2018 using NAICS data.
Machine shops: number of businesses down 20% and employment down 11%
Industrial mold shops: number of businesses down 43% and employment down 12%
Semiconductors: number of businesses down 12% and employment down 28%
The author makes the case that we can't have strong manufacturing without the foundational industry to support it.
I'm interested to hear peoples' take on this. There's a lot of talk about trade, automation, and consolidation of industry through mergers/acquisitions, but how much has each of these things contributed respectively to these declines?
Is US Manufacturing Losing Its Toolbox? | IndustryWeek
It's an analysis of employment and number of businesses in specific manufacturing segments from 2002 to 2018 using NAICS data.
Machine shops: number of businesses down 20% and employment down 11%
Industrial mold shops: number of businesses down 43% and employment down 12%
Semiconductors: number of businesses down 12% and employment down 28%
The author makes the case that we can't have strong manufacturing without the foundational industry to support it.
I'm interested to hear peoples' take on this. There's a lot of talk about trade, automation, and consolidation of industry through mergers/acquisitions, but how much has each of these things contributed respectively to these declines?