Tom Dubin
Tom Dubin
capacity companies continues costs efficiency finding increased production technology translated trim ways year
Manufacturing capacity utilization is at a four- year high, and production continues to climb. Unfortunately, this hasn't translated into increased employment, as manufacturing companies are finding other ways to increase efficiency and trim costs through technology and outsourcing.
capacity companies continues costs efficiency finding increased production technology translated trim ways
Manufacturing capacity utilization is at a four-year high, and production continues to climb. Unfortunately, this hasn't translated into increased employment, as manufacturing companies are finding other ways to increase efficiency and trim costs through technology and outsourcing.
employ employees fewer labor lean people replace takes turn work
Labor-intensive work that would employ a lot of people is done overseas. The newer manufacturers are kind of lean and mean, and they just can't replace the jobs. It takes fewer employees to turn out the products.
adapt business compete continues gains global growing models percent rest state technology utilize year
Manufacturing productivity continues to outpace the gains in the rest of the economy, growing 4 percent a year as state manufacturers adapt their business models to utilize new technology and compete in a global economy.