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Manufacturing in sentence

1925 examples of Manufacturing in a sentence

These young people will inhabit a world where only a tiny fraction will ever find work in export-oriented manufacturing.
Job creation must be maximized in sectors less vulnerable to near-term automation: construction and tourism jobs may be more sustainable than manufacturing.
Second, and more important, workers were able to change occupations, and many moved from the countryside to fill attractive, high-paying jobs in urban manufacturing and services.
Europe and the US have long attempted to support “losers” in manufacturing and services through various small-scale programs that do not, in fact, benefit many workers.
The international community would have to increase available manufacturing capacity, create new distribution channels, and reserve storage capacity for stockpiling products that have no immediate application.
During the ten years preceding the peak of the bubble in 2007, about four million jobs were lost in the US manufacturing sector, whose share in total employment fell from more than 17% to 12%.
Most construction workers are rather low-skilled and thus cannot be re-deployed to modern high-tech manufacturing.
During the bubble years, the situation was exactly the opposite: most of the workers released by a rapidly shrinking manufacturing sector could be employed easily in construction and social services, which require only low skills (likewise, real-estate services demand only rather general skills).
The key point is not that manufacturing jobs are somehow better, but rather that we must consider the asymmetry in the structural-adjustment process.
It is relatively easy to manage a structural shift out of manufacturing during a real-estate boom, but it is much more difficult to re-establish a competitive manufacturing sector once it has been lost.
Post-bubble economies thus face a fundamental mismatch between the skills available in the existing work force and the requirements of a modern export-oriented manufacturing sector.
Labor-market flexibility is always touted as a panacea, but even the highest degree of it cannot transform unemployed realtors or construction workers into skilled manufacturing specialists.
Exports initially did not constitute a path to recovery because the deutsche mark was overvalued, and some manufacturing capacity had been lost during the unification boom.
It is unlikely that the adjustment process will be much faster in the US, where the manufacturing base has shrunk much more sharply.
The contraction in manufacturing output and employment has actually accelerated – and faster than output and employment have fallen in the sectors on which the economy remains dependent for much of its growth: domestic services, such as health care, and finance, insurance, and real-estate services (the sector responsible for the crisis).
In recent years, China’s economy has becoming increasingly reliant on new high-tech and modern service industries, including mobile Internet, artificial intelligence, smart cars, drones, robots, virtual reality, wearable device manufacturing, green technology, and more.
The respondents most often viewed China not only as a market opportunity, a research-and-development base, and an export base, but also as a high-end manufacturing base, a regional-headquarters site, and a service base.
The results also reflected China’s declining attractiveness as a base for product assembly, low-cost manufacturing, and parts production.
In fact, while the US and other developed countries have sought to bring manufacturing home (“reshoring”), they have been establishing innovation facilities in China.
Given this, China must continue to develop its manufacturing sector.
China is the world’s top manufacturing country by output.
But, while it accounts for 19.8% of total global manufacturing, it receives less than 3% of the world’s manufacturing R&D investment.
On average, China’s industrial enterprises are relatively small, and, although its industrial labor productivity (real manufacturing value added per employee) has improved over the last decade, it remains much lower than that of developed countries – just 4.4% of America’s and Japan’s productivity, and 5.6% of Germany’s.
Over the next decade, as Chinese workers demand higher salaries, basic benefits, and improved working conditions, the country may well lose the comparative advantage that has driven its manufacturing boom.
While manufacturing wages remain significantly lower in China than in the US, the rapidly narrowing gap is already fueling American reshoring.
Although the enormous potential of China’s consumer market can provide a new impetus for economic growth, the country’s economic transformation cannot succeed unless it upgrades its manufacturing sector.
Only by combining growing Chinese consumption with enhanced Chinese manufacturing will the country be able to develop a new comparative advantage, which is the key to sustainable growth over the next decade.
Firms invested heavily in worker education, which focused on providing broad exposure to manufacturing activities, increasing productivity, and firm-specific innovations.
So the need for broad-based, firm-specific worker training in manufacturing will shrink.
In the few instances where manufacturing does return to the US, it will probably not create jobs in the old Rust Belt.
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