Hope For Manufacturing Sector

Although the manufacturing sector is slowly getting better, it’s still nowhere near where it was in previous years. While the sector has added 500,000 more jobs, compared to the year of 2007, today there are two million fewer manufacturing jobs. Since the 1960’s the number of manufacturing jobs have been following a constant downward slope and now, the occupations account for less than 9 percent of the nation’s jobs. A lot of people are hoping that a reinvigorated manufacturing sector will lead to the creation of millions of blue collar jobs that were ever present in the past, but that seems to be just a dream.

In addition, there is  support from the White House and President Obama, who proposed financing 15 new centers for manufacturing innovation in his State of the Union address. Plus, there are lobbying groups who are saying that there ought to be additional land that should be opened for exploration and drilling of natural gas. With dozens of industries benefiting from cheaper energy, a job boom would be possible.

 

Written by Kevin Zhang

Source:

Schwartz, Nelson D. “Rumors of a Cheap-Energy Jobs Boom Remain Just That.” The New York Times. The New York Times, 01 Apr. 2013. Web. 01 Apr. 2013. <http://www.nytimes.com/2013/04/02/business/economy/rumors-of-a-cheap-energy-jobs-boom-remain-just-that.html?ref=business&gt;.

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