Here is an American success story for our polarized times: over the past decade, U.S. manufacturing has become stronger than it has been in a generation. U.S. manufacturing is experiencing a remarkable resurgence. Not only are American factories producing more—America is building more factories. According to data from the Census Bureau, spending on factory construction reached nearly $200 billion last year. The equipment manufacturing industry saw a 4.2% employment growth during the past few years, outpacing the broader — and equally impressive — manufacturing employment growth of 3.8%. Some four years after the global pandemic, American manufacturing is strong and resilient.
When policymakers work to strengthen America’s global competitiveness, we get good policy. Over the last eight years, the U.S. manufacturing sector has benefitted from transformative policies: The Biden administration delivered important policy wins like the Infrastructure Investment and Jobs Act, the CHIPS and Science Act, and certain provisions of the Inflation Reduction Act — and before that, the Trump administration presided over historic tax reform and regulatory certainty. This has helped fuel impressive job creation. According to the Bureau of Labor Statistics, the United States has the highest number of manufacturing workers since 2008.
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