Why Celebrate Manufacturing Month?
October is Manufacturing Month. 360 Direct is honoring the industry that makes up much of 360 Direct’s clientele with a celebration.
So what makes Manufacturing Month worth celebrating? Mainly the fact that the manufacturing sector is a HUGE contributor to US economic stability. In 2013, manufacturers contributed $2.08 trillion to the economy, an even bigger sum than the previous year. They also made up 12.5 percent of GDP, meaning that for every dollar spent in manufacturing, another $1.32 is added to the economy, the highest multiplier effect of any economic sector.
Over 17.4 million people work in manufacturing. All of those factories and plants scattered across the country are helping to support the livelihoods of millions of people, providing some of the highest average wages and benefits available in the US.
But it’s bigger than that. Manufacturing accounts for 90% of our patents and Research and Development spending. That means that our manufacturers are supporting the bulk of innovation and new technology in the US. Clients of ours are helping to make existing technology faster, better, and more efficient with implications far beyond the manufacturing sector. Without the innovations churned out each year by US manufacturers, our comfortable world of smart phones, google-glasses, and high-powered hand dryers would stagnate.
It’s obvious that manufacturing contributes a lot to our way of life, and deserves our support. So join 360 Direct in honoring US manufacturers during the month of October, and thank your local businesses for their contributions!
