Why Choose Manufacturing

May 17, 2016

13-046_421By: Mike Katz

I started my career in manufacturing and will end my career a manufacturer.  When I made the choice to work for GE in their manufacturing management program (MMP) straight out of university, I didn’t know that I was making a career choice.  I thought I was just choosing the best job.  I think manufacturing has a way of pulling a person in like that.  There is a pace, and a heartbeat that you can almost feel in a factory.  I guess that is why I stayed for almost thirty years now.

I was recently researching some reasons why a young person entering the workforce, or someone in transition from another career, might want to choose manufacturing today.  I believe it tells a compelling story that should be applicable to today’s job seekers.

1)     A Diverse Range of Opportunities – Manufacturing accounts for 17.4M US jobs and has roles from engineering, to human resources, to accounting, to processing and more.

2)     Skills Shortage – Manufacturing has an aging work force, where 80% of the current work force is between 45 and 65.  That creates great opportunities for prospective employees and provides a clear path for great advancement opportunities.  In a recent survey, 67% of employers report a moderate to severe skills gap.

3)     Higher than Average Earnings and Healthcare Benefits – Average earnings in Manufacturing are 35% higher than the national average for all wages (OECD Study) and 90% of manufacturing workers receive medical benefits.

4)     Manufacturing as a Multiplier on the Economy – Every dollar of manufactured produced goods plows back $1.40 into the economy through the economic multiplier effect so the economy gets an overall boost.  Comparing that to $1 of retail providing $0.66 and $1 of service providing $0.61 to the economy, one can see the huge effect that manufacturing has on our nation.

5)     Create Something Tangible – There is a great feeling of pride in seeing something created from prototype to production, and then seeing it out in the world in which we live being used.

I believe these points to be true in all US geographies and across all industries.  But don’t take my word for it.  If you have the chance, go visit a local manufacturing company yourself.  If you currently work in manufacturing, then tell someone who doesn’t to check us out.  Manufacturing represents 10% of our country’s work force and accounts for $2.2 Trillion of the US economy.  Continuing to grow this valuable sector will create great opportunities for today’s young people in the future.

Ready to consult with MD?

Call us at 262-284-9455 or fill out our contact form.

Contact Us