WHAT is Manufacturing Day (MFG DAY)?
An annual event that occurs on the first Friday of October, MFG DAY is an occasion during which U.S. manufacturers open their doors to demonstrate the potential of modern manufacturing and to foster interest in manufacturing careers.
WHEN does MFG DAY happen?
This year, Manufacturing Day falls on Friday, Oct. 4, 2013.
WHERE do MFG DAY events occur?
Manufacturing Day events occur at various manufacturing facilities and educational institutions around the country. Events in everyone’s local community can be found on the MFG DAY website’s “Attend an Event” page.
WHY is there a MFG DAY?
Modern manufacturing environments are commonly thought of as dark, dangerous factories designed for low-skilled workers. MFG DAY addresses this misperception by giving all manufacturers an opportunity to open their doors and show, in a coordinated effort, what manufacturing really is now:
- Manufacturing is technologically advanced, with ample use of automation, 3D printing, robots, and screen technology.
- The annual average salary of manufacturing workers is more than $77,000.
- Manufacturers have the highest job tenure in the private sector.
- 90% of manufacturing workers have medical benefits.
WHO should attend MFG DAY events?
MFG DAY events are meant for anyone who is curious about modern manufacturing and who would like to know more about what happens in modern-day manufacturing facilities. This includes students, parents, educators, media, civic leaders, and local communities in general.
Manufacturing Facts (Statistics from NAM) - View an Infographic on Manufacturing
The National Association of Manufacturers has assembled some impressive statistics about the manufacturing sector in the United States. They help put what is at stake with MFG DAY in perspective:
- Because of our tax, tort, energy, and regulatory policies, it is 20% more expensive to do business in the United States than it is in the countries that are our nine largest trading partners – and that excludes the cost of labor.
- The United States has the highest corporate tax rate among major industrial countries.
- Nearly two-thirds of manufacturers pay income taxes at individual rates. Therefore, any tax increase on individuals is a tax increase on manufacturers.
- Direct tort costs total almost 2% of U.S. GDP – among the highest levels in the world.
- Ninety-five percent of consumers live outside the United States, making it critical for manufacturers to have access to global markets through free trade agreements.
- Of dozens of trade pacts being negotiated around the world at the beginning of 2013, the United States was party to just one agreement.
- Through inaction on free trade agreements, we are ceding market share to our competitors.
- Manufacturing supports an estimated 17.2 million jobs in the United States – about one in six private-sector jobs. Nearly 12 million Americans (or 9% of the workforce) are employed directly in manufacturing.
- In 2011, the average manufacturing worker in the United States earned $77,060 annually, including pay and benefits. The average worker in all industries earned $60,168.
- The R&D credit is a jobs credit. Seventy percent of credit dollars are used for salaries of high skilled R&D workers. Some 162,000 new jobs would be created if the credit were strengthened – and even more if it was made permanent.
- All of these factors and more are hurting American competitiveness. The 20% cost disadvantage is caused by policies created in Washington, not in some faraway capital.
- Manufacturing in the United States produces $1.8 trillion of value each year, or 12.2% of U.S. GDP. For every $1.00 spent in manufacturing, another $1.48 is added to the economy, the highest multiplier effect of any economic sector.
- Manufacturers in the United States are the most productive workers in the world, far surpassing the worker productivity of any other major manufacturing economy, leading to higher wages and living standards.
- Taken alone, manufacturing in the United States would be the 10th largest economy in the world.