A new report by McKinsey entitled "Manufacturing the future: The next era of global growth and innovation" suggests that the role of manufacturing in the US will change in the next few years. Manufacturing in the US and other developed nations will promote innovation, productivity, and trade more than producing growth and employment. In the US manufacturing has begun to consume more services and to rely more heavily on them to operate. Every dollar of US manufacturing output requires 19 cents of services. In some manufacturing industries, more than half of all employees work in service roles, such as R&D engineers and office-support staff. As manufacturing becomes more efficient and technological improvements continue to increase output without increasing the number of resources, traditional manufacturing jobs will become scarcer. If manufacturing was to return to the US the positions available for US workers would not be large number of blue-collar jobs, but increasing numbers of white-collar service focusing jobs.
Follow me on Twitter
Comments
This is the goal of innovation and logistics. Doing more with less!!