This strategy is a blueprint for competitiveness that will unleash the economy and manufacturing’s outsized multiplier effect. Importantly, manufacturers’ aspirations—the four goals laid out in the pages that follow—are ones that all Americans who want to maintain our country’s economic advantage can rally around.
Manufacturers Welcome Jobs and Competitiveness Council’s Sensible Approach to Economic Growth
Pro-Growth Initiatives Will Move Economy Forward and Create Jobs
Washington, DC, 10/11/11 - National Association of Manufacturers (NAM) President and CEO Jay Timmons issued the following statement today on the White House Jobs and Competitiveness Council’s interim report comprising five initiatives to create jobs and stabilize our economy:
“Manufacturers wake up each day focused on finding opportunities to grow, create jobs and thrive in the global marketplace. Unfortunately, irresponsible policies have chipped away at our competitive edge and it is now 20 percent more expensive to do business in the U.S. The President’s Jobs Council, led by Jeff Immelt, has taken a hard look at this environment and targeted a number of pro-growth initiatives to get our economy back on track and people back to work.
A number of the strategies recommended by the Jobs Council are shifts in policy that will move us forward and lead to economic growth. For example, the Jobs Council calls for regulatory reform that eliminates unnecessary delays, duplication or complexity and encourages competitiveness and expansion. Manufacturers have long raised concerns about overregulation and its harmful impact on jobs. We are pleased that the Council has made concrete recommendations that represent progress.
Manufacturers also agree that we should upgrade and modernize our nation’s infrastructure so that we no longer lose valuable time and capital due to failing roads and railways. Further, we need to attract foreign direct investment by embracing tax policy that encourages growth.
The Jobs Council and manufacturers across the country are highlighting our nation’s skills gap as another critical issue that must be addressed for economic growth. The Council’s report noted data from the Manufacturing Institute and points to the national manufacturing certification system as a model for preparing workers for high-paying manufacturing jobs.
Manufacturers want to help lead our recovery during these challenging times and hope the Jobs Council will seize the opportunity to play a constructive role in improving the tone and cooperation between the business community and policymakers. The NAM will continue to work with the President, Congress and the Jobs Council on pro-growth policies to create jobs.”