As more middle-market manufacturers adopt advanced techniques, they find better profitability and business growth. The major challenge with incorporating these specialized manufacturing techniques, ranging from automation to information technology, is a lack of workers with adequate skills, a detriment to business growth, according to new research by the National Center for the Middle Market (NCMM) and the National Association Manufacturers (NAM), which highlights strategies to reverse the worker gap.
When President Barack Obama announced his Climate Action Plan, he gave broad executive powers to the EPA to establish carbon emission standards for both new and existing power plants. He also increased funding for clean energy, while setting a goal to double our level of renewable energy generation by the year 2020. There will also be new vehicle fuel economy standards developed to take effect after 2018 and numerous other measures to reduce the use of fossil fuels.
Of course, critics claim these actions will hurt the economy by raising the price of energy, which will in turn put a drag on the recovery and lead to more job losses. Leaving the question of green jobs aside for the moment, let’s take a look at the economics of switching to renewable energy.