Va. Center Aims To Help US Reclaim Manufacturing
From a workforce standpoint, Barry Johnson, senior associate dean at the University of Virginia's School of Engineering and Applied Science, said the collaboration allows universities to better understand what types of jobs and skills needed in the advanced manufacturing workplace, ultimately putting the U.S. in a better position to attract factories that may have otherwise gone to areas overseas.
"Companies have the ability to put these businesses anywhere in the world, and they're going to put them where those factors are favorable to them," Johnson said. "We in the U.S., we can compete with China, we can compete with India, we can compete with other parts of the world that have low labor rates."
"The opportunity to reclaim manufacturing as a viable industry in the United States is there for the taking, if you do it with advanced manufacturing processes," he said. "While it may not create jobs as you might have had in a classic factory, what it is creating is a very high-value job."___ Michael Felberbaum can be reached at http://www.twitter.com/MLFelberbaum
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV