New report on the importance of manufacturing

Wednesday, June 11, 2003

The popular business press has mostly got it wrong about manufacturing. It's not dying, it's changing.

And they missed one of the biggest economic stories of the 1990's: the extraordinary growth in productivitiy among manufacturers.

The National Association of Manufacturers has commissioned an important report on the future of manufacturing. It underlines the importance of understanding the critical importance that manufacturing plays (and could continue to play) in our economic future. You can download it from
this page.

The analysis contends that manufacturing is “the heart of an innovative process that powers the U.S. economy to global leadership” and that “America’s unprecedented wealth and world economic leadership are made possible by a critical mass of manufacturing within the geographic confines of the American common market.”

Today in our history of innovation

In 1742, Benjamin Franklin invented the Franklin stove. The wood fuel burns on an iron surface over a cold air duct which heats air which then passes through baffles in the back wall. The heated air is released through vents on each side of the stove. Rather than patent it, Franklin chose to write about it in a book so that others could freely copy his design.

posted by Ed Morrison |

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