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US Manufacturers at a global disadvantage due to increasing costs of taxes, health care, & pensions.
Posted on Oct 13, 2009
Manufacturers, including precision metal stampers and their customers, continue to generate more economic activity per dollar of production than any other business sector in the United States. We also drive innovation by conducting nearly half of all research and development, creating the bulk of technology in our nation. However, we face rising costs for health care, pensions, corporate taxes, and raw materials that impact our competitiveness in a global, interconnected marketplace.
This new handbook also notes that we are not preparing our students and workers with the correct skills to help us compete globally and until we correct this we will continue to see our global market share erode.
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