Subscribe free to our newsletters via your
. Space Industry and Business 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
Apple shares extend downward slide

Jury rules Apple iPhone violated MobileMedia patents

XTAR Wins $8 Million In New Business

Boeing, BMW Group to collaborate on carbon fiber recycling

TRADE WARS
US Air Force selects Raytheon to develop future Protected SATCOM System

General Dynamics Awarded Contract Under New U.S. Army Rapid-Acquisition Communications Program

Astrium to provide military X-band satcoms to six UK Royal Navy vessels

Lockheed Martin to Demonstrate Key Component of Tactical MilSat Communications System

TRADE WARS
ISRO planning 10 space missions in 2013

Russia works to fix satellite's off-target orbit

ULA Launch Monopoly to End

SPACEX Awarded Two EELV Class Missions From The USAF

TRADE WARS
Third Boeing GPS IIF Begins Operation After Early Handover to USAF

Putin Urges CIS Countries to Join Glonass

Third Galileo satellite begins transmitting navigation signal

Retired GIOVE-A satellite helps SSTL demonstrate first High Altitude GPS navigation fix

TRADE WARS
New system for aircraft forecasts potential storm hazards over oceans

Commando II Takes To Sky

Rockwell Collins wins Navy E-6b upgrade

Canada widens search for fighter jet beyond F-35

TRADE WARS
Tiny compound semiconductor transistor could challenge silicon's dominance

Berkeley Lab Breaks Ground on Flexible Design Building to Test Low-energy Systems and Components

DuPont Microcircuit Materials Introduces New Low Cost Conductive Inks for Printed Electronics

New '4-D' transistor is preview of future computers

TRADE WARS
Google Maps returns to iPhone after Apple fiasco

Shadows on ice: Proba-1 images Concordia south polar base

Wildfires Light Up Western Australia

Environmental satellite produces first photo of Earth

TRADE WARS
US tightens restrictions on soot

Onion soaks up heavy metal

Toxic cloud in Buenos Aires under control

Peru industrial pollution feeds conflict




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