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Showing posts from April, 2021

Improving Manufacturing Economic Conditions in the United States

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  Manufacturers cannot cover the spiraling healthcare benefit costs! There are many causes of the U.S. Manufacturing Industry has shrunk to its lowest percentage revenue level. Still, the leading cause is the healthcare industry's growth and how the U.S. pays for it, and the manufacturers cannot cover the spiraling healthcare benefit costs. The U.S. manufacturing industry is at its lowest in modern history, now at 11% of GDP. As such, there is no comparison between these two industries, but on the basis of the healthcare cost and taxes, there is a difference between the two industries in terms of changing GDP and revenue level as well. USA healthcare sector is in many ways the most substantial part of the United States economy. It is a fundamental part of people's lives, supporting their health and well-being. Moreover, it matters because of its economic size and budgetary implications. The healthcare sector now employs 11 percent of American workers (Bureau of Labor Statistic