Who leads the world in manufacturing? Answer: United States! Yes, you read that correctly. I had to do some checking, but the U.S. does lead the world in manufacturing. We produce 21% of global manufactured products, while China comes second at 15%. Japan is third at 12%. According to the National Association of Manufacturers, manufacturing supports an estimated 17 million jobs in the U.S., which is about one in six private sector jobs.
We have heard a lot of talk recently by both political parties about "outsourcing" jobs. But, what about "insourced" jobs? "Insourced" jobs, which are jobs brought to America by foreign-based companies, account for nearly 5% of private-sector employment. And, according to the Organization for International Investment, these businesses buy more than $1.8 trillion in goods and services from local suppliers and small businesses.
Therefore, the next time you hear all this talk about "outsourcing," please remember that the other side of the coin is "insourcing" of jobs to the United States.
We have heard a lot of talk recently by both political parties about "outsourcing" jobs. But, what about "insourced" jobs? "Insourced" jobs, which are jobs brought to America by foreign-based companies, account for nearly 5% of private-sector employment. And, according to the Organization for International Investment, these businesses buy more than $1.8 trillion in goods and services from local suppliers and small businesses.
Therefore, the next time you hear all this talk about "outsourcing," please remember that the other side of the coin is "insourcing" of jobs to the United States.
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