Almost a quarter of Germany's economy comes from manufacturing. They are behind only South Korea and China in their share of manufacturing in national economies. "After World War II, Germany put in place a financial and institutional structure that supported manufacturing, but the economy's emphasis on "making things" goes back much further to a tradition of very capable small and middle-size companies called the Mittelstand. In Germany, they are seen as the foundation of the country's manufacturing success." German manufacturing businesses put a focus on long term success and make quality products. Focusing on long term success in the U.S. includes machine monitoring and Industry 4.0! Learn from Germany's success and invest in your future with us!
This is the first of three reports from NPR's John Ydstie on Germany's manufacturing strength. The United States needs to create more manufacturing jobs: That has been a constant refrain of President Trump and was one of the goals of the corporate tax cut recently passed by Congress and signed into law. The loss of manufacturing jobs has been a problem for many countries, especially the U.S. It played a big role in Trump's election. Read More
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