A recent survey by ARC (American Revitalization Company), a prominent real estate and business development firm, highlights the importance of manufacturing to the U.S. economy. The survey revealed that over 80% of Americans believe manufacturing should be relocated to or retained on American soil.
The survey, which polled 1,000 U.S. adults, showed that 83.4% of respondents support bringing back most or all manufacturing facilities to the U.S. Additionally, 54% expressed concerns about the negative consequences of outsourcing manufacturing operations. These findings align with data from the National Association of Manufacturers, which reported that in Q4 2023, manufacturing contributed an impressive $2.89 trillion annually to the U.S. economy. Furthermore, every dollar spent in manufacturing generates a total economic impact of $2.69, and as of May 2024, the sector employed nearly 13 million workers.
Generational differences in attitudes toward manufacturing and trade jobs were also highlighted. Younger demographics, including Gen Z and Millennials, are showing increased interest in these fields compared to Baby Boomers and Generation X. Among Gen Z respondents, 83% are open to or likely to consider trade jobs, with 46% preferring manufacturing over other trade jobs. Similarly, 78% of Millennials shared a favorable view of trade jobs.
“Americans understand the vital role that manufacturing plays in the U.S. economy,” said Steve Austin, partner at ARC. “They recognize its historical importance during the Industrial Revolution and its ongoing significance to our current economic health. At ARC, we are committed to restoring and revitalizing American manufacturing.”
The survey was conducted by Propeller Insights, which carried out a national online survey of 1,000 U.S. adults from May 3 to May 10 to gauge their views on the importance of manufacturing to the U.S. economy.