Minnesota Wire is excited to have participated in the 2021 Manufacturing Day (MFG Day)!
Held each year on the first Friday of October and extended throughout the entire month of October, it is a celebration of the modern manufacturing landscape, demonstrating the advanced techniques and methodologies used by thousands of companies across the nation. Companies open their doors to students, parents, teachers, and community leaders, to help encourage future generations to see the amazing opportunities to be found in this unique, fast paced, challenging environment.
U.S. Manufacturers are one of the largest drivers of technological innovation globally. The Bureau for Economic Analysis reported American manufacturers performed 63% of all private sector research and development. When you participate in the manufacturing industry, you’re not only participating in a powerful economic driver, you’re helping build the future through research, testing, and experimentation with new products, materials, and manufacturing techniques. If you are interested in being on the cutting edge of technology, where ideas meet marketplace needs, then the manufacturing industry is where you belong! Manufacturing jobs are not just standing on an assembly line, increasingly they include vital skills in computer coding, engineering, robotics, and other interesting and challenging lines of work.
Further, the Manufacturing Industry drives American prosperity, and is the firm foundation of the U.S. Economy. According to the Bureau of Economic Analysis, Manufacturing accounts for over $2.525 trillion each quarter, or 11.1% of GDP. Despite the current supply chain interruptions, workforce issues, and the ongoing Pandemic, the Manufacturing Industry continues to have a strong rebound in 2021, and all the current forecasts predict continued growth and marketplace expansion.
The Manufacturing Industry
To give you an idea of the scope of the Manufacturing Industry, if taken alone, U.S. Manufacturing would be the eighth largest economy in the world. With $2.27 trillion in value added from the Manufacturing Industry in 2019, only seven other nations would rank higher in terms of their GDP. The other nations with higher GDP listed in order were:
- The U.S.A.
- The United Kingdom
Meaning, the Manufacturing Industry is larger and produces more value than Italy, Brazil, Canada, Russia, and South Korea (the next five largest countries in terms of GDP).
Benefits of Working in Manufacturing
According to the Bureaus of Economic Analysis and of Labor Statistics, in 2019 manufacturing opportunities ranged from entry level assembly positions to senior management. And manufacturing is not just about putting things together – it also entails sales, finance, human resources, engineering, computer operations and customer service – all needed to support the manufacturing industry. When coupled together, the average worker in the manufacturing industry in the United States earned over $88,000 in 2019, including pay and benefits. That is contrasted with the average worker in all non-farm industries who earned an average of $71,000. Digging deeper into the numbers, the opportunity for growth is very real and born out in the wage statistics. Between 2019 and 2020, the average hourly pay for production (nonsupervisory) workers in the Manufacturing Industry saw an increase well above the normal cost of living adjustment.
Not only are wages on the rise, but the job growth expected in the Manufacturing Market Sector is amazing. The Manufacturing Institute and Deloitte did an in depth analysis of the future of the manufacturing workforce. They estimate that by 2030, manufacturers will need to fill 4 million jobs. According to their report, the pace of digital transformation in the manufacturing industry will likely continue to redefine work for humans, and will have many unique opportunities as technology continues to evolve the market sector.
Addressing Global Challenges
An additional benefit to manufacturing in the United States, is the lower impact on global climate change. By keeping the manufacturing processes here within the United States, we help reduce the carbon footprint of most major industries by reducing the shipping needs from international manufacturers for products consumed within the United States. To give an idea of the scale of the problem, in 2019, importing some 3.8 million shipping containers’ worth of cargo from Chinese Manufacturers generated as much carbon dioxide emissions as three coal-fired power plants. These shipments also produced as much smog-forming nitrous oxide as 27.4 million cars and trucks do in a year, according to a recent report by two environmental groups, Pacific Environment and Stand.Earth.
Due to the ongoing COVID-19 pandemic, this year’s MFG Day has a strong emphasis on virtual events and engaging digital opportunities across the nation. With manufacturing at the heart of most of the important work being done to help curb the current challenges, we are excited to have participated in this amazing opportunity.
The Manufacturing Industry
Minnesota Wire proudly joins other companies in the Manufacturing Industry’s biggest annual event, which helps inspire the next generation of creators, engineers, inventors, and innovators. Since its inception in 2012, MFG Day has helped students discover some of the millions of manufacturing career opportunities that will be created over the coming decades. It continues to help students find financially rewarding careers that are also fulfilling and challenging.
In years past, Minnesota Wire, a 54 year old family business with facilities in Saint Paul, MN and Eau Claire, WI, held tours and hands on activities at our Eau Claire manufacturing facility. Next year, the company expects to host another in-person event while this year participation concentrated on the expansion and awareness of opportunities within the manufacturing industry and specifically at Minnesota Wire.
For more information on career opportunities where your skills and abilities will be nurtured and appreciated, visit our website at www.mnwire.com/careers.
Enjoy this short video on what you can expect as you start your Career at Minnesota Wire.