Subscribe free to our newsletters via your
. Energy News .




TRADE WARS
Job losses threaten U.S. innovation
by Staff Writers
Washington (UPI) Dec 14, 2012


disclaimer: image is for illustration purposes only

Long-term reductions in the work force have damaged the United States' capacity to innovate and harmed the prospects for long-term economic growth, experts say.

Economists and business leaders say 30 years of manufacturing job losses have had an effect far beyond industries like automobile manufacturing and steel production, The New York Times reported.

"In sector after sector, we've lost our innovation edge because we don't produce goods here anymore," said Mitzi Montoya, dean of the college of technology and innovation at Arizona State University.

The losses are particularly troubling because it isn't always just low-level manufacturing jobs that are lost but positions in research and development that can yield long-term benefits to the economy, experts said.

"Outsourcing has not stopped with low-value tasks like simple assembly or circuit-board stuffing," Willy C. Shih and Gary P. Pisano of the Harvard Business School have written.

"Sophisticated engineering and manufacturing capabilities that underpin innovation in a wide range of products have been rapidly leaving, too."

"Other nations are competing intensely to create an attractive business and regulatory environment for manufacturing firms" said James Manyika, director of the McKinsey Global Institute, in a report of innovation's importance in manufacturing.

"The United States just hasn't done this as aggressively as other countries have."

The White House has acknowledged the risk of the United States falling behind in fast-growing industries and areas of cutting-edge technology, the Times said.

"A vibrant manufacturing sector is inextricably linked to our capacity as a nation to innovate," a White House report earlier this year said, advocating investments and efforts to return manufacturing and keep it in the United States.

.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








TRADE WARS
Australia's resources, boom or bust?
Sydney (UPI) Dec 13, 2012
Investment costs in Australia's resource sector must be cut to maintain a good pipeline of projects, a government official said. "Australia is still exceptionally well placed from an investment point of view," Australia's Minister for Resources and Energy Martin Ferguson said Thursday I a report in The Australian newspaper. "We've got a good pipeline of investment but our capacit ... read more


TRADE WARS
Bolivia's eco-friendly trans-oceanic ships

Renewables Provide 46 percent All New US Electrical Generating Capacity in 2012

OpenADR Continues to Move the Smart Grid Forward

California's Energy Future: Buildings and Industrial Efficiency

TRADE WARS
Algeria pushes $80 billion energy drive

Chavez health raises succession worries

Britain lifts gas 'fracking' ban despite tremors

Encana sells stake in oil field to PetroChina subsidiary

TRADE WARS
Ground broken on Irish Midlands wind farm

GE, MetLife and Union Bank Invest in Kansas Wind Farm

Wind speeds in southern New England declining inland, remaining steady on coast

Brazil advances wind power development

TRADE WARS
Solar panel companies in federal probe

Asian Supermarket Distribution Center Completes Solar Installation

KYOCERA Solar Panels Power Innovative Solar-to-EV Project with Smart City San Diego at San Diego Zoo

Solar Energy Solidarity to donate over 60kW to PV projects

TRADE WARS
EU funds frozen for Lithuanian nuclear decommissioning

LA wants public hearings on nuke plant

Second Japan atomic plant at fault risk: experts

France appoints nuke plant closure chief

TRADE WARS
Can Algae-Derived Oils Support Large-Scale, Low-Cost Biofuels Production?

Plastic packaging industry is moving towards completely bio-based products

Gases from Grasses

Garbage bug may help lower the cost of biofuel

TRADE WARS
Mr Xi in Space

China plans manned space launch in 2013: state media

China to launch manned spacecraft

Tiangong 1 Parked And Waiting As Shenzhou 10 Mission Prep Continues

TRADE WARS
Major climate change report draft leaked online: IPCC

Climate modelers see possible warmer, wetter Northeast winters by 2070

Conservatives can be persuaded to care more about the environment

Drought in the Horn of Africa delays migrating birds




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement