There’s a spanner in the freshly restarted U.S. manufacturing machine. A factory construction boom sparked by President Joe Biden’s industrial policies has led to unbridled optimism about the sector for the first time in decades. The hardest part of the process hangs in the balance, however: filling all the anticipated job openings.
Workers at the American Fine Arts Foundry pour bronze into ceramic molds of statuettes casted for the Screen Actor Guild Award Ceremony in Burbank, California January 14, 2009. REUTERS/Hector MataNEW YORK, Nov 7 -
Likewise, the United States has rapidly picked up the pace to produce zero-emission vehicles and the batteries used in them, after lagging China, Europe and the rest of Asia until recently. By 2030, car and truck manufacturers, and battery makers, plan to devoteto the EV transition, with nearly a quarter of the sum earmarked for American initiatives, more than any other country, research outfit Atlas Public Policy estimates.
In 1979, manufacturing accounted for almost 20 million, or 22%, of the country’s 90 million nonfarm jobs, according to the Bureau of Labor Statistics. Today, it’s just 8%, and even assuming that robots will be a big part of all the new and improved factories, it’s unclear that there is enough skilled labor available to handle the rest of the load.
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