Podcast: Is 2024 the Year American Manufacturing Is Great Again?

On the most recent episode of the “Keeping it Real with Dr. Kuehl” economic update podcast for ASA members, ASA Chief Economist Dr. Kuehl answers a question that refers to 2024 manufacturing, and if this is the year that we will recover?

Dr. Kuehl started off the podcast by telling members that manufacturing has never stopped being great! We are still one of the top dominating manufacturing nations on the planet – we are a country that dominates high value manufacturing. We account for 30% – 40% of manufacturing value in the world – competing with Germany.

Chris tells members that since manufacturing is not an issue for the U.S, the shift to look at is in trade relations. This comes along to the consumers and producers – who is favored? There are always winners and losers. For many years we favored the consumers, but now the shift is towards the producers… With this, there is more production coming into the United States. 

He tells members that almost a third of the workforce works for a manufacturer in some capacity or another. We have to recognize that we are always at the top of the list when it comes to manufacturing.

Dr. Kuehl produces three free economic update podcasts each month for ASA members (on Friday mornings). The podcasts are available in the MyASA portal at www.asa.net/myasa and through all traditional podcast hosting platforms.

Have a question or topic for Chris Kuehl that you would like answered on this podcast? Email it to Bri Baresel at bbaresel@asa.net.