Today's manufacturing skills gap in the U.S. is more limited than many people believe. But unless action is taken now, more severe shortages could develop, threatening to constrain a U.S. manufacturing resurgence. It is time for companies, schools, and nonprofits to step up training of a new generation of skilled talent.
U.S. manufacturing is becoming more competitive compared with both industrialized nations and low-cost nations like China. High productivity, rising costs abroad, a weakening dollar, and a greater focus on the total costs of production could enable the U.S. to add around $100 billion in manufacturing output over the next decade.