5 Things Almost No One Knows About Manufacturing

  1. Taken alone, US Manufacturing would be the eighth largest economy in the world! This includes the US economy at number one! That’s right, manufacturing in the US is only out-sized by the entire economies of seven nations outside of the good ole          US of A! Curious about those other seven nations? Here’s how things stack up:world economies.JPG
  2. Only 20% of manufacturing jobs rely on low-skilled labor. The biggest issue facing the manufacturing community today is actually recruiting properly trained and educated workers! There are approximately 2 million unfilled mid and high-skilled manufacturing jobs currently available, so our challenge as a country is to educate our workforce to be able to fill these jobs! One of the hottest fields for future manufacturing job-seekers is data analysis. According to The State Of Manufacturing Technology (14 pp., opt-in) published by Plex Systems, 35% of manufacturers say that data analysis is the most important skill that manufacturers need, ranking above mechanical engineering!  
  3. 9% of the US Workforce is directly employed by manufacturing. This doesn’t even include the additional 18.5 million jobs supported by the manufacturing industry. Basically, if you put 10 people in a room, at least two of them will be employed directly by manufacturing or purely because of manufacturing. Mind. Blown.
  4. The average salary in manufacturing is higher than the overall median income in the United States. Yup, that is exactly what we’re saying-manufacturing pays MORE than most jobs. We love a little myth-busting at Profession Concession. We also love data, so don’t take our word for it, see for yourself. The chart below outlines the compensation in manufacturing with wages in green and benefits in yellow, which brings us to number 5…manufacturing compensation.JPG
  5. Manufacturing provides benefits! If you are under the age of 26, you may not have had your first encounter with the #struggle that is the American insurance system. Well thank your lucky stars and start looking for a manufacturing job, because over 90% of manufacturing workers receive employer provided benefits. Translation, less money spent on insurance premiums and more money in your bank account each month. Yes please.

 

 

Sources:

http://www.forbes.com/sites/louiscolumbus/2015/05/12/the-state-of-manufacturing-technology-2015/#2bf444287a2c

https://www.glassdoor.com/Salaries/manufacturing-salary-SRCH_KO0,13.htm

http://www.nam.org/

http://www.themanufacturinginstitute.org/Research/Facts-About-Manufacturing/Workforce-and-Compensation/Wages-and-Compensation/Wages-and-Compensation.aspx

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