Dig deep and you’ll find evidence of a ‘resilient’ U.S. economy

There are plenty of reasons to be pessimistic about the U.S. economy lately.

But don’t pack your bags and move to Canada just yet. Our economic outlook might not be as gloomy as it seems.

That’s according to Jim Glassman, a CPA and a senior economist for Chase Commercial Bank. Glassman opened the AICPA’s 2015 Global Manufacturing Conference by offering a couple of eye-opening lessons on the supposedly struggling U.S. economy:

Patricia Panchak agrees. Despite what naysayers and politicians would have you believe, the editor-in-chief of Industry Week says manufacturing remains the “backbone” of the U.S. economy.

“Manufacturing is the most interesting, innovative, dynamic industry we have,” Panchak said. “It constantly changes. It’s just getting started.”

The point being made over and over again at the conference was this: Manufacturing isn’t dead. Far from it. We just need to recognize the innovation that manufacturing brings to the table.

We can’t build new things if we don’t invent them first, Panchak said. We can’t create if we don’t innovate. Manufacturing is the byproduct of innovation. The two are inseparable.

If we want to turn the United States into a manufacturing giant again, we first have to turn it into an innovation giant. Innovation requires learning. Learning today means getting social. It means connecting with the people and resources that add value to our lives.

Is it possible that today’s U.S. economy depends on social business?

I don’t know if anyone else is making that argument, but I certainly am.

Social business helps us learn. Learning helps us innovate. Innovation leads to increased manufacturing. A boost in manufacturing strengthens the economy.

You can’t measure our economic strength with just one or two popular indicators. You have to look deeper than that.

And the deeper you look, the stronger our economy appears.


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