15 Aug '12, 10pm

Does #manufacturing create #jobs, spur #innovation, or both? <- Both, and more. Next question

Does manufacturing create jobs, spur innovation, or both? George Leopold 8/15/2012 5:59 PM EDT There’s been a lot written here and elsewhere in the last several years about the critical need to revive U.S. manufacturing. But it remains unclear precisely what a manufacturing revival would mean for western economies. Few would dispute that the ability to make design and make products and services (yes, services must be produced) is a key to boosting innovation. We can’t innovate unless we know how to make things. Aside from automobile manufacturing, however, there are fewer manufacturing jobs being created in most high-tech industries. One reason, of course, is the efficiencies created by automation. Factory floor robots reduce the cost of manufacturing high-ticket durable goods. That makes western products more attractive in global markets. The same is true of practically a...

Full article: http://www.eetimes.com/electronics-news/4394159/Does-manu...

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