A New Model for Manufacturing's Multiplier Effect

by: Dan Meckstroth

While traditional measurement methods suggest that manufacturing is responsible for only 11% of U.S. GDP, my recent research reveals this is not the case. By taking a more comprehensive look at manufacturing’s total value chain—not just what happens on the factory floor—I find that the sector supports about one-third of U.S. GDP and employment.
 

FactsKristin Graybill