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Buy American-Made Products and Boost Employment [VIDEO]

Posted by Paula Hynes

5/21/15 8:00 AM

Once in a while, you find a video that is so well done, so compelling, that you must share. This video, from American Made Matters is a great example. It will make you think twice about where products are made; knowing that the simple act of buying American-made products can have a profound impact on our economy.  It's all about creating jobs. Jobs that are secure and well-paying. Jobs that can help re-build our middle class.

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Manufacturing Facts

In 2014, manufacturers contributed $2.09 trillion to the economy, up from $2.03 trillion in 2013. This was 12 percent of GDP. For every $1.00 spent in manufacturing, another $1.37 is added to the economy, the highest multiplier effect of any economic sector.1,2

  • Manufacturing supports an estimated 17.6 million jobs in the United States—about one in six private-sector jobs. More than 12.3 million Americans (or 9 percent of the workforce) are employed directly in manufacturing.3
  • In 2013, the average manufacturing worker in the United States earned $77,506 annually, including pay and benefits. The average worker in all industries earned $62,546.4
  • Manufacturers in the United States are the most productive in the world, far surpassing the worker productivity of any other major manufacturing economy, leading to higher wages and living standards.5
  • Manufacturers in the United States perform two-thirds of all private-sector R&D in the nation, driving more innovation than any other sector.6
  • Taken alone, manufacturing in the United States would be the 9th largest economy in the world.7

Take a look at this most recent video from American Made Matters.  It will inspire you to support American Manufacturing and buy American-made products.

                                                                         

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NAM Footnote sources: 

Bureau of Economic Analysis, Industry Economic Accounts (2014).

2 Bureau of Economic Analysis, Industry Input-Output Tables (2013).

3 Bureau of Labor Statistics (2014), with estimate of total employment supported by manufacturing calculated by NAM using data from the Bureau of Economic Analysis (2013, 2014).

4 Bureau of Economic Analysis, National Economic Accounts by Industry (2013).

5 NAM calculations based on data from the United NationsBureau of Labor Statistics and the International Labour Organization

6 Bureau of Economic Analysis, National Economic Accounts by Industry (2013).

Bureau of Economic Analysis, Industry Economic Accounts (2014) and International Monetary Fund (2013). 

- See more at: http://www.nam.org/Statistics-And-Data/Facts-About-Manufacturing/Landing.aspx#sthash.suuUfSM5.dpuf

 

Topics: American Manufacturing and Products, Made in America, Manufacturing Automation and Innovation

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