Parents, Did You Know…
- Manufacturing in the United States produces $1.8 trillion of value each year, or 12.2 percent of U.S. GDP. For every $1.00 spent in manufacturing, another $1.48 is added to the economy, the highest multiplier effect of any economic sector.1
- Manufacturing supports an estimated 17.2 million jobs in the United States—about one in six private-sector jobs. Nearly 12 million Americans (or 9 percent of the workforce) are employed directly in manufacturing.2
- In 2011, the average manufacturing worker in the United States earned $77,060 annually, including pay and benefits. The average worker in all industries earned $60,168.3
- Manufacturers in the United States are the most productive in the world, far surpassing the worker productivity of any other major manufacturing economy, leading to higher wages and living standards.4
- Manufacturers in the United States perform two-thirds of all private-sector R&D in the nation, driving more innovation than any other sector.5
- Taken alone, manufacturing in the United States would be the 10th largest economy in the world.6
In Illinois, manufacturing remains the largest single contributor to the state’s GDP at nearly 13 percent. Nearly 600,000 men and women enjoy professional careers in Illinois manufacturing. In our state we make a wide array of products; from steel to automobiles; locomotives to jet engine parts; fishing lures, plastic bottle caps, tires, macaroni and cheese and hundreds of thousands of more products.
Manufacturing in Illinois is home for dozens of research and development facilities for companies large and small, and we’re also the cross-roads of America for transportation, distribution and logistics.
A career in today’s advanced manufacturing requires everyone to attend some post-secondary education facility. In fact, most manufacturing companies in Illinois will pay the cost for employees to complete their Associates Degree and additionally provide tuition reimbursement for Bachelors Degrees and beyond.
With the growing cost of attending college resulting in saddling men and women with student loan debts of more than $50,000, career that encourage a “Learn and Earn” approach can make a significant difference.
Manufacturers know that college is always the goal for every child – your’s included. And a highly educated worker is a greater resource than minimally educated workers. That’s why manufacturers lead other employers in paying for training and education for their workforce.
Manufacturing can offer your child a great career. With average annual salaries and benefits reaching close to $80 thousand annually, the promise of home ownership and a comfortable middle-class life can easily be achieved.
For more information on the Manufacturers Education Initiative and how it can benefit your son or daughter, please CLICK HERE.
1 Bureau of Economic Analysis, Industry Economic Accounts (2011).
2 Bureau of Labor Statistics (2012), with estimate of total employment supported by manufacturing calculated by NAM using data from the Bureau of Economic Analysis (2011).
3 Bureau of Economic Analysis (2011).
4 NAM calculations based on data from the United Nations, Bureau of Labor Statistics, and the International Labour Organization.
5 National Science Foundation (2008).
6 Bureau of Economic Analysis, Industry Economic Accounts (2011) and International Monetary Fund (2011).