Manufacturing Day highlights opportunities to bolster US manufacturing
Stephen Ezell and Adams Nager, for The Hill
While U.S. manufacturing may have bounced back slightly from Great Recession-lows, the reality is that America's manufacturing recovery remains tenuous. On this National Manufacturing Day, policymakers can and should be doing much more to stimulate the growth and competitiveness of America's manufacturing economy.
There's no good reason why America can't become an industrial powerhouse again, or why the manufacturing sector can't support another 2 to 3 million more American jobs and increase its contribution to GDP from its 11 percent share today closer to Japan's 19 percent share, or even Germany's 22 percent share. To power sustained American industrial renewal, it will take a coordinated set of policies around the "4Ts": technology, tax, trade and talent.
Members of Congress from both parties will be attending Manufacturing Day events in districts across the country today. When they're back in Washington, they should channel their attention to advancing legislation that can make a substantial impact in bolstering America's manufacturing ecosystem.
Read more about how members of Congress from both sides of the aisle have proposed important pieces of legislation that get at the 4Ts.