A recent industry publication article highlights the important contribution manufacturers make in the overall U.S. economy.
During a recent interview with Mark Muro, head of the Metropolitan Policy Program at Brookings, Industry Week discussed the important impact the manufacturing industry has on the national economy. Muro argues that the manufacturing industry is a vital component of the U.S. economy. He credits the industry’s positive influence to its continuing innovation and growing export capabilities. For manufacturers, this is a welcome discussion. Manufacturing companies provide nearly 60 to 70 percent of the nation’s exports and are a primary driver of private domestic research and development investments.
Inclusive and Responsible Employment
In the article, Muro makes the case that manufacturers also boost the economy by paying higher wages to employees which include individuals who may have industry specific training but do not necessarily have a college degree. This allows workers to enjoy a living wage while they continue to make an important contribution to the nation’s economy. Furthermore, Muro points out that the manufacturing industry is overall productive, well-paying, and inclusive. He stresses that this is an excellent model for all industries and wants to keep a conversation going on how we can adopt these traits across our economy to help improve our country’s financial situation.
Constant Collaboration Drives Innovation
In addition to these attributes, the article also discusses the collaborative and innovative aspects of the manufacturing industry and points towards ways the industry is growing and evolving. Engineers and technicians no longer work alone, but collaborate on projects to take products to the next level and discover ways to creatively solve problems and meet new demands. This is especially apparent in the automotive aftermarket industry and automotive performance racing industries. New components are designed every year that improve vehicle efficiency and performance and require a new level of skill and ingenuity to develop, manufacture, and implement.
Proud to Support Collaborative Practices
At Huron Automatic Screw Company, we recognize the importance of collaboration and innovation. We value our employees as an integral component of our business and are proud to provide exceptional service and quality to our clients for the last 85 years. Thanks to the commitment of our staff and visionary leadership of our management team, we are set up to participate in the growth and innovation of the manufacturing industry for years to come. Consequently, our clients appreciate the long-term reliability we offer and the commitment we hold to developing meaningful relationships with our customers.
About Huron Automatic Screw Company
With over 85 years of experience, Huron Automatic Screw Company is highly regarded in the fastener manufacturing industry for product excellence and quick turnaround, making us an ideal partner to handle your prototype through production quantity jobs. Our precision machined threaded fasteners, pins, spacers and other parts are purchased by fastener distributors, component manufacturers and OEMs across the United States and go into a wide variety of components such as axles, power trains, suspensions, engines and steering components.
Our tradition of quality and our use of innovative modern manufacturing practices have been our company’s competitive edge in manufacturing precision machined products. Add to that our reputation for on-time delivery and competitive prices, and you’ve got every answer you need to give us a try on your next project.