Bloomberg Talks National Association of Manufacturers President and CEO Jay Timmons Talks Regulations
Apr 17, 2025
Jay Timmons, President and CEO of the National Association of Manufacturers, dives into the pressing issues facing American manufacturing. He discusses how technology is reshaping industry skill requirements and the urgent need for retraining programs. Timmons champions bipartisan efforts to lower production costs and revive advanced manufacturing jobs. He also highlights the importance of resilient supply chains, particularly in light of the COVID-19 pandemic, and the need to inspire youth to pursue careers in this vital sector.
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Manufacturing's Modern Reality
- Manufacturing today is modern and heavily technology-driven, unlike outdated perceptions.
- It requires a new, specialized skill set and significant workforce training investments.
Cut Costs to Boost Manufacturing
- Reduce costs in the U.S. by renewing tax reforms and cutting regulatory burdens.
- These measures are crucial to stimulating manufacturing investment and growth.
Stable Yet Evolving Workforce
- Manufacturing employment in the U.S. has been stable near 13-14 million for a decade.
- The sector requires highly technical skills and ongoing workforce training to grow.