According to the report, a key theme of the 2016 US presidential campaign is the competitiveness of American industry. Despite the belief that the United States has lost its economic advantage, Trump and Sanders like to use more colorful languages.
Both candidates defied the recent trade agreement because they felt that these trade agreements proved that the United States could not compete with countries like China and Vietnam, which had cheaper labor and less stringent environmental regulations.
But if you ask the actual manufacturing managers, they are more optimistic about the future of the United States than many American leaders. Deloitte & Touche and the Competitiveness Committee released the 2016 Global Manufacturing Competitiveness Index on the 31st, indicating that the United States is the second most competitive economy in the world after China. In addition, global manufacturing managers predict that by 2020 the US will become the most competitive manufacturing country in the world.
The report says that the era of relying on cheap labor to expand the competitive advantage of manufacturing is gone forever. With the reduction in the demand for workers in modern manufacturing and the application of advanced materials and technologies, the more American companies beat China in the manufacturing sector. The more you come.
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