Post-World War II, manufacturing employed nearly a third of U.S. workers and accounted for a similar portion of GDP.
Today, those figures are near 8 percent and 10 percent, respectively.
Yet Jeff Korzenik, chief economist for Fifth Third Commercial Bank, says manufacturing holds significant potential.
“Every dollar added in manufacturing creates about $3 in GDP,” he said. “Each manufacturing job generates five to seven additional jobs in the economy. It's a powerful multiplier effect that…Panelists: Manufacturing could resurge in powerful boost for regions
Post-World War II, manufacturing employed nearly a third of U.S. workers and accounted for a similar portion of GDP.
Today, those figures are near 8 percent and 10 percent, respectively.
Yet Jeff Korzenik, chief economist for Fifth Third Commercial Bank, says manufacturing holds significant potential.
“Every dollar added in manufacturing creates about $3 in GDP,” he said. “Each manufacturing job generates five to seven additional jobs in the economy. It's a powerful multiplier effect that…