Recently the FMA published a white paper on the role the fabricating
industry plays in the U.S. The following are excerpts from that report.
There are a number of ways to assess that role. It has been noted by the
National Institute of Standards and Technology that the sector contributed
$137.8 billion to the overall economy in 2012, and the numbers since
then have been rather consistent with gains each year. The 2012 numbers
were up 2 percent over what they were in 2011, and that growth has been
consistent. The U.S. is a nation that relies on its export community for 15
percent of the national GDP. To put that in perspective, the Japanese are
reliant on exports for around 14. 7 percent of their GDP.
Much of the growth that has been noted in 2017 has been due to an
expanded level of exports as the dollar has lost a bit of its strength, and
the trading nations we do the most business with have seen some recovery.
The fabrication sector of the U.S. accounted for $345.1 billion in 2013, 5. 9
percent of all manufacturing exports with close to 50 percent of that output
going to Mexico and Canada. Manufacturing in general accounted for $5.8
trillion in 2013. The bulk of the other 50 percent has made its way to Europe
and Japan ― the fabricator sells to sophisticated industrial countries with
substantial manufacturing sectors of their own.
Perhaps the most significant role played by the fabricating sector relates
to jobs and the impact on the many communities that host these diverse
fab shops. There are 58,000 of these companies active in the U.S. and
they are in all 50 states. The estimate is that 1.4 million jobs are part of
this sector, and even more are dependent on the fabricating positions. It
has been estimated that one of every 10 jobs in the U.S. is dependent on
manufacturing ― these include all the people that work in the facility in
support, design, and other ancillary positions. The same pattern holds with
those working in fabrication as there are legions of employees depending on
the work actually being done in the shop. The jobs in this sector are solidly
middle-class jobs with an average annual salary of $64,000. In 2012 these
jobs were 13 percent of the total direct manufacturing jobs in the U.S. There
is an estimated market value of $30 billion.
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Dr. Chris Kuehl
Author of Fabrinomics
Economic Impact of
By Dr. Chris Kuehl
Make the Auction
Sizzle in Scottsdale
The first fundraiser of the year for Nuts, Bolts & Thingamajigs®
(NBT) will take place during FMA’s Annual Meeting on March 7 at
Talking Stick Resort in Scottsdale, Ariz. The annual silent auction,
held during the opening Welcome Reception, offers an interesting
collection of items, making this one of the most unique and
successful fundraisers to support NBT scholarships and summer
manufacturing camp grants.
Scholarship Program: Twice each year NBT awards scholarships to
deserving men and women who pursue degrees leading to careers in
manufacturing. The applications are reviewed by a panel of industry
volunteers. In 2017, $74,500 was awarded to 41 students.
Manufacturing Camp Grants: Each summer the manufacturing
camp program exposes hundreds of students ages 12-16 to
manufacturing technologies and careers with hands-on, weeklong
programs at community colleges and technical schools. $81,500 in
camp grants was awarded to 64 camps in 2017—an all-time high!
Show that you care about the future of the industry. Donating an
item to the 2018 silent auction is an excellent way to promote
your company while supporting a great cause. Many items will be
available for bidding online, so even those who don't attend the
conference in Scottsdale can participate.
Mark Brooks, Wildeck, the winning bidder of the NASCAR
package at the last Annual Meeting auction, was thrilled by his
Joe Gibbs Racing Team experience and had this to say: “Thank
you so very much for everything you did to make the weekend in
Charlotte so special for us. We continue to talk about it, and so
many of my friends are very envious of us. It is a weekend that I
won’t forget.” 2017 marked the fifth consecutive year a donation
like this has been made by Mitsubishi Laser.
Get involved today! Fill out the silent auction donation form at
NBT is the charitable foundation of the Fabricators & Manufacturers Association.
Donations to this 501(c)( 3) are tax-deductible to the extent allowable by law.