Creation of Twenty Million Manufacturing Jobs
The United States has lost over twenty million manufacturing jobs to other competitive industrial countries because they produce goods at a lower price. Improving U.S. competition to bring back those jobs,the nation's production costs must be lower. The single cost factor U.S. companies have but foreign companies do not have are employee benefits. All countries provide some social services, of Social Security and Healthcare, the top 35 industrial countries provide universal health care coverage. The difference is how the costs of the services are covered. The other countries pay through a company and personal income tax system while the United States has the employers pay for the benefits. An examination of the U.S. Gross Domestic Product (GDP) for the past forty years shows a direct correlation of the loss of manufacturing revenues as healthcare revenues increased. The illustrated chart shows the GDP percentages of the Manufacturing Industry and the Healthcare Industry over fort