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Manufacturing in sentence

1925 examples of Manufacturing in a sentence

In fact, the real effective exchange rate (REER), adjusted by US manufacturing unit labor costs, has depreciated by 30% since 2001, and by 17% since 2005, suggesting a rapid erosion of emerging markets’ low-cost advantage – and giving America’s competitiveness a substantial boost.
And America’s share of world manufacturing exports, which declined by 4.5 percentage points from 2000 to 2008, has stabilized – and even increased by 0.35 percentage points in 2012.
Upon closer inspection, however, the data for 1999-2012 present little evidence of significant onshoring of US manufacturing.
In fact, the offshoring of manufacturing increased by 9%.
Indeed, for sectors in which Chinese imports accounted for at least 40% of demand in 2011, the import share has increased at a faster pace than it has for manufacturing overall.
Industries with large energy requirements, like chemical manufacturing, have experienced a much smaller increase in import share than less energy-intensive industries like computers and electronic products.
The evidence is clear: Claims that manufacturing is returning to the US simply do not hold water.
But, with that outcome far from certain, the US cannot rely on a rapid increase in manufacturing competitiveness to underpin its economic recovery.
Many employers in the auto, tourism, advanced manufacturing, and shipbuilding industries have taken to “pre-hiring” young people – that is, guaranteeing them a job if they complete a rigorous training program.
The problem is that it is primarily automation, not offshoring or immigration, that is displacing traditional manufacturing workers in the US.
The radical solution was to separate all the assets that were alien to the bank’s core business, mainly real estate companies, but also firms in the manufacturing, construction, and service industries.
Privatizing some areas of manufacturing while keeping prices under government control is another half-way wheeze.
While the debate about China’s near-term outlook should hardly be trivialized, the far bigger story is its economy’s solid progress on the road to rebalancing – namely, a structural shift away from manufacturing and construction activity toward services.
In 2014, the services share of Chinese GDP hit 48.2%, well in excess of the combined 42.6% share of manufacturing and construction.
And the gap is continuing to widen – services activity grew 8.4% year on year in the first half of 2015, far outstripping the 6.1% growth in manufacturing and construction.
They are also labor-intensive: in China, services require about 30% more jobs per unit of output than do capital-intensive manufacturing and construction.
For example, the confluence of deleveraging and the bursting of the equity bubble could create a self-reinforcing downward spiral in the old manufacturing economy that shakes consumer confidence and offsets the emerging dynamism of the new services economy.
For example, automation will continue to make manufacturing more efficient and less costly, but it will also ensure that economic growth generates fewer jobs than in the past.
Other sectors that currently account for a large share of employment in lower-income countries – including apparel, light manufacturing, logistics, and call centers – are forecast to undergo increasing automation.
Workers were eventually absorbed by other sectors, particularly with the growth of industrial manufacturing, and average wages and overall prosperity increased dramatically – an excellent illustration of the so-called “Luddite fallacy.”
In developing countries, the impact will be greatest in manufacturing, and factories there already are rapidly putting in place labor-saving technology.
For example, Taiwan-based Foxconn, a major electronics producer and employer in China, recently announced plans to introduce huge numbers of sophisticated manufacturing robots.
Unemployment resulting from automation in the Chinese manufacturing sector could ultimately complicate China’s efforts to rebalance its economy toward increased domestic consumption – an objective that most economists agree is critical for the country’s long-term prosperity.
The fact that there is even a small liquidity crunch for banks implies larger liquidity crunches for less intensively regulated financial institutions, and even greater liquidity crunches for manufacturing and real-estate companies.
China, now the world’s second-largest economy and a crucial source of global manufacturing and investment, would seem to belie any link between press freedom and economic success.
Its technology was roughly equal to that of the US – and even slightly ahead in some manufacturing branches.
But Japan retains a high standard of living, a highly skilled labor force, a stable society, and areas of technological and manufacturing leadership.
Employment in Chinese services is about 30% higher per unit of output than in the manufacturing and construction sectors, which means that an increasingly services-led China can accomplish its critical labor-absorption objectives – namely, rapid job creation and poverty reduction – with 7-8% annual growth.
For all the attention that India’s retail revolution, information technology prowess, and booming manufacturing sectors have garnered in recent years, agriculture, on which 70% of the population still directly depends, is in crisis.
The similarities are large trade deficits, manufacturing job loss, asset price inflation, rising debt-to-income ratios, and detachment of wages from productivity growth.
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