American manufacturing on the rise again

[Celerity]

https://www.liberalpatriot.com/i/113870346/american-manufacturing-on-the-rise-again

What happened? The Wall Street Journal reports that construction spending related to new manufacturing facilities reached a record high $108 billion in 2022—“more than was spent to build schools, health care centers or office buildings.”



Why does it matter? After the years of domestic manufacturing stagnation with the entry of China into the World Trade Organization, American companies across the country are investing in all kinds of manufacturing from batteries and semiconductors to socks and eyeglasses. Manufacturers are now “hurting” for new workers to help build the new factories and fill all their orders.

TLP’s take: America’s supply chains will still be both domestic and international, but the more we build and make here—with our own workers and technology, and especially in critical industries like semiconductors and aerospace—the better. Policymakers in both parties should continue cooperative efforts to encourage and sustain this manufacturing boom in all parts of the country.

[Wednesdays]

1. ...

[DBoon]

2. I also noted the bump up in 2015