The Pittsburgh Chapter NTMA is pleased to share this guest blog post from Michael Stumo of the Coalition for a Prosperous America. We think you will appreciate his letter to American manufacturers.
Manufacturing was the foundation of this country. Through much of the 20th century, American manufacturing was our nation’s economic engine. The U.S. rose to its place as a global economic superpower as customers clamored for the latest American-made products. We became a great nation because we made things here, items of quality. It was, and is, meaningful to have something that is “American made”.
Manufacturing changed American life and formed the basis of the American communities that we know today. Workers moved closer to factories in cities. Communities built up around industrial hubs, from Detroit’s auto boom to Pittsburgh’s steel mills. Manufacturing allowed workers to increase their income.
Manufacturing is a wealth-producing sector of the US economy (service sector jobs, on the other hand, tend to be wealth-consuming.) Manufacturing produces more aggregate revenue, more revenue per employee and more productivity than any other sector.
Successful producing nations like China, South Korea, Germany and Japan have comprehensive strategies to acquire and grow manufacturing. The US does not. Wrongheaded federal trade policy has helped other countries subsidize, break the rules, and distort markets. As a result: otherwise competitive US industries have been lost and oﬀshored in a long process of de-industrialization. Semiconductors, steel, electronics, solar panels, industrial tools, computers, low-end servers and many other industries invented here have moved elsewhere.
The companies that stay here are competitive, and many choose to do so for a loss, because they want to preserve American jobs.
In 2009, Jeff Immelt, the CEO of General Electric, called for the United States to increase its manufacturing base employment to 20%. He stated that U.S. has outsourced too much of its manufacturing and we can no longer rely on the financial sector and consumer spending to drive demand.
Coalition for a Prosperous America (CPA) members and supporters work together, day after day, for trade policy that will uphold our manufacturing sector and build our prosperity. This is why we exist. This is why we work with you as a team to win the trade debate and defeat the War on Prosperity. Real American communities could be thriving with good jobs, solid families and strong community services.
Thank you to the manufacturers in this country, who produce products of quality and create jobs that sustain communities. We are proud to work for you, and with you.
Michael Stumo, Coalition for a Prosperous America