AAM’s Scott Paul appeared on CNN’s Lou Dobbs last night to discuss a new report by the Bureau of Labor Statistics that manufacturing employment in the U.S. is projected to decrease by 1.5 million job in the next 10 years.

CNN reporter Bill Tucker noted that since 2000, the U.S. has lost more than 3 million manufacturing jobs.  He asked Scott why these manufacturing job losses are so significant for the U.S. economy. 

Scott responded: “These jobs support four or five other jobs in the economy. They have a great multiplier effect. The fact is these retail jobs don’t have that kind of multiplier effect. We’ll see fewer opportunities down the road for young people or for people who don’t have college degrees.”

To learn more about the importance of manufacturing for the U.S. economy, AAM has posted an informational video on YouTube.

##

This entry was posted on Friday, December 7th, 2007 at 1:49 am and is filed under Manufacturing in the U.S., AAM. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.