Manufacturing has the highest multiplier effect of any sector of the U.S. economy
Every $1.00 spent in manufacturing adds another $2.74 to the economy, the highest multiplier effect of any economic sector. In addition, for every worker in manufacturing, another five employees are hired elsewhere. (Source: NAM calculations using 2018 IMPLAN data.) Recent research suggests that manufacturing’s impacts on the economy are even greater when we consider the [...]