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Testimony to House Energy and Commerce Committee on American Manufacturing

April 19, 2012
| Testimony and Filings

Much of the debate around U.S. manufacturing is problematic because the core data on manufacturing output and productivity are flawed. The reality is:

  • A large share of manufacturing jobs was lost in the last decade because the United States lost its competitive edge for manufacturing. 
  • The loss was unprecedented, and it continues to severely impact the overall U.S. economy. 
  • Regaining U.S. manufacturing competitiveness to the point where America runs a trade surplus in manufacturing products is critical to restoring U.S. economic vibrancy.
  • Regaining manufacturing competitiveness will create millions of higher-than-average-wage manufacturing jobs and an even greater number of jobs from the multiplier effect in other sectors of the economy. 
  • The United States can restore manufacturing competitiveness and balance manufacturing goods trade within less than a decade if it adopts the right set of policies in what can be termed the “four T’s” (tax, trade, talent, and technology).