Class 22 Manufacturing a Recovery By SUSAN HOCKFIELD NYT 8

Class 22 Manufacturing a Recovery By SUSAN HOCKFIELD NYT 8...

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Manufacturing a Recovery By SUSAN HOCKFIELD NYT 8-29-2011 THE United States became the world’s largest economy because we invented products and then made them with new processes. With design and fabrication side by side, insights from the factory floor flowed back to the drawing board. Today, our most important task is to restart this virtuous cycle of invention and manufacturing. Rebuilding our manufacturing capacity requires the demolition of the idea that the United States can thrive on its service sector alone. We need to create at least 20 million jobs in the next decade to offset the effects of the recession and to address our $500 billion trade deficit in manufactured goods. These problems are related, given that the service sector accounts for only 20 percent of world trade. To make our economy grow, sell more goods to the world and replenish the work force, we need to restore manufacturing — not the assembly-line jobs of the past, but the high-tech advanced manufacturing of the future. Advanced manufacturing relies on the marriage of science and engineering in cutting-edge fields. Cepheid, a company in Sunnyvale, Calif., with a market capitalization of more than $2 billion, designs and manufactures sophisticated instruments that use DNA analysis to detect infectious disease and cancer; its products are used by hospitals for diagnoses and by the Postal
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This note was uploaded on 02/22/2012 for the course MANEC 453 taught by Professor Jerrynelson during the Winter '10 term at BYU.

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Class 22 Manufacturing a Recovery By SUSAN HOCKFIELD NYT 8...

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