Manufacturing & The Economy
Sen. Amy Klobuchar (D-MN), vice chair of congress’ Joint Economic Committee, released a new report detailing the revitalization in U.S. manufacturing, showing it has added over 500,000 jobs since February 2010 and exceeded its pre-recession peak for exports, up 38% since 2009. Klobuchar outlined a four-pronged strategy for ensuring the recent gains in manufacturing continue.
Nationwide, roughly 600,000 high-skill manufacturing jobs are currently unfilled. Klobuchar recently introduced the bipartisan Innovate America Act with Sen. John Hoeven (R-ND), which would help address the challenges of skills training by creating 100 new STEM high schools in America and supporting scientific research.
Klobuchar has also introduced the bipartisan SCORE Act, a bill that would cut back on unnecessary regulations for manufacturers. The bill, introduced with Sen. Susan Collins (R-ME), would establish a new independent body within the Congressional Budget Office to perform an economic cost benefit analysis of the impact and effectiveness of proposed rules and regulations. It would also perform an impartial review to determine the effectiveness of rules that are already in effect.