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Manufacturing Boom a Fake? No Way

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Nope! Still not a "boom"!
ungarata   3/20/2015 8:34:06 AM
Guys, even in the worst economy you can always find a business that is thriving.  Are we supposed to look at, and focus on, that one business, and then determine that everything is okay?  Alright, so these guys are doing well; look at the broad picture - can you really stand back and claim there is a manufacturing boom occuring?

If you're struggling financially, and I walk up to you and give you ten bucks, are you going to stand there and say "I'm rich!"  That's what this article is pushing; the illusion that the US manufacturing sector is in a boom phase because this company is busy.  The article hits on it in an understated way:  over half of their competition died off - of course they're going to get busier!  But overall they're enjoying a larger piece of a much, much, MUCH smaller pie.

The title of this article implies that the entire manfacturing sector is booming based on one company.  I guess we can go find a small community where 99.9% of the adult population is employed, and then broadly declare our US unemployment rate to be statistically zero.

vamshi krishna
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Re: Good example of what's happening in manufacturing
vamshi krishna   3/20/2015 5:35:18 AM
interesting article

User Rank
Re: Good example of what's happening in manufacturing
Sigma6master   3/19/2015 6:27:21 AM
Broadly in the near term, another headwind for local manufacturing boom is the strong US dollar. However I think the boom in manfacturing is really a catch up for the jobs lost in the last 2 decades. Wages has been stagnant and it is not uncommon to half double digit wage growt in the low cost countries. 

Now the wages in traditional outsourced locations has reached a level where although US wages are still higher, the savings in distribution and transportantion as well as non monetary benefit such as closer and greater organization flexibility has been the largest driver to return of manufacturing jobs to State side.



Elizabeth M
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Good example of what's happening in manufacturing
Elizabeth M   3/19/2015 6:18:54 AM
This is a great example of what's happening in manufacturing, and a great example of a company wililng to change with the times to train the employees they're looking for if they can't find them in the workforce. I have talked to manufacturers as well and have heard the same thing--that they can't find the skilled workers they need. So they have to get creative in recruitment and training, as Paslin has done. The manufacturing industry in general is in the midst of a big change in terms of processes and technology, and because of a lack of information among those entering the career market, young people just aren't training for the jobs available now, or aren't interested. This has to change and in order to do that, manufacturing companies have to start changing as well. Paslin shows how it's possible.

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