New Report: U.S. on the Cusp of a Manufacturing Revolution

New era of production would add trillions of dollars and millions of jobs to the economy.

NEW YORK, NY – The prevailing narrative in America has been that manufacturing is in decline, China is taking over, and jobs are headed overseas or becoming automated. A new report from the Manhattan Institute’s Mark Mills shows that this narrative is false, and the U.S. is poised to see a manufacturing and economic boom as large as the Industrial Revolution. He believes the emerging technology-driven boom will add trillions of dollars to the economy and create millions of jobs.

Mills shows that manufacturing is not only critical but is in fact currently a much larger share of the economy than believed—likely twice as much—and points to the specific technologies that will drive the coming boom. He provides a blueprint for the government to encourage innovators and fuel manufacturers, which includes facilitating the availability of a skilled workforce and reforming the tax code to encourage research and small business formation.

Click here to read the full report.