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ITR Economist Brian Beaulieu gave a very informative
economic outlook for the attendees at PMPA's Manaement Update Conference
in Glendale Arizona last week.
We saw lots of charts and correlations that helped our members make
sense of all the conflicting 'news' and economic indicators that are our
constant distraction.
But I can share with you the one graph that should give you the
confidence to find your career in advanced manufacturing (like our
precision machining industry) rather than go headlong into debt for a
college degree that may not have a positive return on investment.
US Manufacturing as a percentage of GDP (Value Added) (3 Month Moving Average)
 The trend for US manufacturing remains positive and significant.
This graph documents recent history, going forward we see
manufacturing jobs returning to North America as energy prices for the
rest of the world increase.
We see energy access and prices improving for U.S. Manufacturers as a result of the shale gas boom.
We know personally, despite the uncertainty in the market, that
many shop owners are trying to add talent, so they can continue to
sustain their levels of production and customer service.
If going deep into debt for a degree with no return on investment is
something that you are determined to do, good luck with that.
If however, you could consider the idea of learning and earning as
you go, I can heartily recommend getting a start in precision machining
via a local community college.
It has been our experience that you will have a job before you
complete a one year operator program, and the balance of your training
and education will be sponsored in whole or part by your employer.
54% of recent college graduates are unemployed or underemployed.
Career info on Precision Machining.
PMPA Training and Education Database
Editor's Note: CR4 would like to thank Milo for sharing this blog entry, which originally appeared here.
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Re: Why Manufacturing Is Still Your Best Career Choice
