How to Rebuild American Manufacturing to Create Jobs and Prosperity

OVERVIEW

The U. S. trade deficit has been in the red since 1975. There is no historical record of any other country running 42 years of consecutive trade deficits. Why is this important? Because every billion dollars of net import costs 4,500 American jobs according to conservative estimates. So last year’s $502 billion deficit equates to 2.25 million jobs lost. The annual trade deficit has reduced our U. S. GDP by approximately 3% to 5.5% each year, and those reductions compound over time. We lost nearly 6 million manufacturing jobs from the year 2000 to 2010, and have regained less than 700,000.

Eliminating the trade deficit over time is the goal of fair trade. Eliminating the trade deficit will re-industrialize our country, enable massive job creation, grow our wealth and effectively neutralize foreign mercantilism. Michele will discuss how we can eliminate the trade deficit and rebuild American manufacturing.

WHY SHOULD YOU ATTEND

The U. S. lost 5.8 million manufacturing jobs since the year 2000, and about 60,000 manufacturing firms have shut down. We’ve only replaced about 600,000 of these jobs. We need to employ new policies to rebuild manufacturing. Manufacturing is the foundation of our economy and the middle class population. If we lose manufacturing, we will lose the middle class. We need to rebuild manufacturing to provide jobs and prosperity to Americans and be able to protect our national sovereignty.

AREAS COVERED

• Current state of American manufacturing
• Developing a national manufacturing strategy
• Renegotiating existing trade agreements like NAFTA with the goal of balanced trade
• Addressing currency manipulation and the overvaluation of the dollar
• Implementing tax reform with border adjustable taxes and sales factor tax apportionment
• Returning manufacturing to America through reshoring
• Attracting the next generation of manufacturing workers

WHO WILL BENEFIT

CEOs, CFOs, Presidents, Vice Presidents, Material Managers, Supply Chain Managers of Original Equipment Manufacturers and Contract Manufacturers; Owners and/or managers of job shop companies; Owners, Presidents, Vice Presidents of Tier 2 and 3 vendors to Original Equipment Manufacturers; Staff of Economic Development Agencies and Chambers of Commerce

LEARNING OBJECTIVES

Attendees will understand:

1. What is the current state of American manufacturing
2. Why do we need a national manufacturing strategy
3. What aspects of existing trade agreements need to be renegotiated
4. How to address currency manipulation and the overvaluation of the dollar
5. What tax reforms would benefit manufacturing the most
6. How reshoring is helping to rebuild American manufacturing
7. How to attract the next generation of manufacturing workers

Others Details

Discussion on rebuilding American manufacturing to eliminate trade deficit and create more job opportunities for next generation of manufacturing workers.