McKinsey Institute: Building a more competitive manufacturing sector
Effective transformation of the manufacturing sector could boost GDP by $275 billion to $460 billion and add 1.5 million jobs. If the United States can improve competitiveness in the 16 manufacturing industries listed, the direct and indirect effects could boost annual GDP by more than 15 percent . The multiplier effect would be felt across a far wider and more diverse geographic area than an equivalent GDP gain in tech or finance. Renewing the capital stock in these industries could get billions of dollars of investment flowing, setting off a virtuous cycle of increased economic activity in communities that sorely need it.