INFOGRAPHIC: The Facts About Manufacturing

There’s a very old parable, thought to have originated in the Indian subcontinent, of six blind (or blind-folded) men asked to describe an elephant.  They reach different conclusions depending upon which part of the elephant they touch:

 

  • Side – it’s like a wall

  • Leg – it’s like a tree

  • Trunk – it’s like a snake

  • Tusk – it’s like a spear

  • Ear – it’s like a fan

  • Tail – it’s like a rope

 

The point is that people have the tendency to project their partial observations to represent the entirety of something.  Each man was “correct” in their assessment, they just did a poor job of explaining the entirety of the elephant.

 

A similar challenge arises when trying to describe or characterize the role of manufacturing.  We use disparate data sources to see parts of manufacturing – Bureau of Economic Analysis, Bureau of Labor Statistics, Census, International Trade Administration, National Science Foundation and the Federal Reserve Economic Data.  These data sources help us to remove our blind-folds and see a part of manufacturing more clearly.  But like the parable, taken alone they do not represent the entirety.  The more complete picture of manufacturing includes all these elements:

 

  • Manufacturing is the 6th largest employer

  • Manufacturing jobs reflect higher earnings

  • More than half of all exports are manufactured goods

  • Manufacturing consistently represents more than 10 percent of GDP

  • Manufacturing is the primary source (about two-thirds) of R&D

 

Like the elephant, U.S. manufacturing cannot be adequately explained through a narrowly focused observation and analysis, but by taking a broader look at the facts about manufacturing.

 

Original article published: https://www.nist.gov/blogs/manufacturing-innovation-blog/infographic-facts-about-manufacturing-0?NL=QMN-01&Issue=QMN-01_20180613_QMN-01_776&sfvc4enews=42&cl=article_10

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