In the 2018 Skills Gap in Manufacturing Study, the authors find that the talent shortage is accentuated by two factors: a prolonged economic expansion that has increased the number of job openings in manufacturing and projected growth in baby boomer retirement. Although these two factors are expected to lead to more than 4.6 million manufacturing jobs over the next decade, the authors’ research finds that fewer than half of these jobs are likely to be filled.
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A myriad of problems has led to a "surprising level of foreign dependence on competitor nations," according to the White House’s long-awaited report on the severe challenges facing our manufacturing and defense industrial base. A look at one field -- manufacturing the railroad cars that carry America’s commuters and freight -- reveals growing dangers that demand urgent action.
South Korea’s SK Innovation said on Monday it will spend 1.14 trillion won ($1.01 billion) to build its first electric vehicle (EV) battery plant in the United States to better compete in the global EV battery market. The plant will have an annual capacity of 9.8 gigawatt-hours of batteries. SK Innovation will begin construction in the southeast U.S. state of Georgia in early 2019, with production targeted for 2022, the company said in a statement.
Robots improve productivity and boost competitiveness, but the United States and Western Europe trail southeast Asia and parts of Eastern Europe in robot adoption, when controlling for wage levels. ITIF examined 27 nations and found the United States ranks 16th, with South Korea, Singapore, Thailand, China, and Taiwan ranking as the top five. To restore U.S. competitiveness, America needs policies that will accelerate robot adoption.
The New York state manufacturing report released this morning by the Federal Research Bank of New York is one of the brighter spots among the manufacturing surveys provided by the Fed banks each month. Manufacturers in the Empire State remain fairly optimistic in the six-month outlook as new orders continued to grow, business conditions improved, and employment levels increased.
This isn’t just a lesson for the United States. It’s a lesson for countries around the world: Once manufacturing bids farewell, engineering and production know-how depart as well, and innovation activities eventually follow. We can trace how this happened in the U.S. by looking back to the original offshoring frenzy which started with consumer electronics in the 1960s.
It's a common complaint and worry among manufacturers today that they face a serious skills gap. There's been plenty of ink spilled about the critical need for people trained in the skilled trades: electricians, welders, machinists, and so on. But the gap is much greater than the skilled trades, and goes to a breakdown in fundamental knowledge in working with one's hands, along with the dwindling desire to work in manufacturing.
Continuing its efforts to build up the manufacturing sector, on Oct. 5 The White House released a 40-page report, Strategy for American Leadership in Advanced Manufacturing, compiled by the National Science and Technology Council Subcommittee on Advanced Manufacturing.
The U.S. industries responsible for the production of military weapons systems show “a number of vulnerabilities,” a White House report revealed Thursday, according to a senior administration official. The 107-page report identifies at least 300 specific vulnerabilities -- including a major issue regarding the skilled-labor gap that the administration says “demand(s) immediate action.”