During his visit to Amazon.com’s distribution center in Chattanooga, Tennessee this week, President Barack Obama proposed plans for a deal that cuts corporate tax rates and directs funds to initiatives that create more middle class jobs. The president’s “grand bargain” with the GOP would also provide tax incentives for manufacturers that reshore jobs to the U.S., which will help bolster the economy.
Economists and politicians continue to push U.S. manufacturing as a central part of a healthy economic future. Yet for years prior to the recession, experts had claimed that American manufacturing was no longer viable and that the country needs to focus on being an information-oriented, service economy. Read more
This October 1, California’s long-awaited Green Chemistry Initiative (GCI) regulations will finally kick in. GCI is a set of regulations that will require manufacturers, re-sellers, and retailers to identify dangerous and toxic chemicals, and then substitute alternatives if they want to continue to sell in the state of California.
These regulations, painstakingly written with the input of manufacturing groups, environmental awareness organizations, and legislators from the California Department of Toxic Substances Control (DTSC), apply to companies that sell products in the state, as well as manufacturers in California. Read more
Millions of U.S. workers quit their jobs each month, and now a new survey reveals why they are not looking back: 55 percent of working adults want a new career. Those who want to quit also identified the top barriers that are getting in the way of their occupation change. Here is a closer look at the findings.
President Barack Obama began his economic policy tour last week, emphasizing the need to rebuild the manufacturing base, educate the workforce, and get the economy back on track. But with unemployment over 7.5 percent for more than 54 months, is it even realistic to expect a GDP growth rate over 3 percent and unemployment under 6 percent anymore? Is this the new normal? Read more
Is the rising value of the U.S. dollar a good thing for American manufacturing, or does it make the sector less competitive? On the face of it, one might think a strong dollar is a positive thing. Strength is good. Higher value is good. But that’s not necessarily the case in the world of manufacturing trade. Read more
Small private aircraft have gradually become too expensive for many people who would like to own and fly them, limiting sales and preventing more rapid business growth for manufacturers. An enormous contributing factor to high prices, according to both aircraft makers and private buyers, is Federal Aviation Administration (FAA) certification costs. Read more