‘Devastating News’ In Manufacturing Sector
September 7, 2007, 11:49pm
A new report of 46,000 job losses in manufacturing in August is “devastating news,” especially on top of the 3 million jobs lost since 2000, according to the National Association of Manufacturers. NAM President John Engler blamed the declines on “a cost strructure that’s out of control.”
“Thirty-two percent higher costs in this country, decisions not made in Beijing or Brussels but here at home, the lax of an energy strategy, a tax burden that’s the highest of the developed world, regulatory and legal litigation costs out of control — those are polilcy choices that have to be addressed,” Engler said. “Regardless of who’s controlled the Congress or even who’s been in the White House, we have not been aggressive as a nation in facing up.”
Categories: Labor, Energy, Taxes, Economy, Trade
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