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Nosbusch, speaking at The National Summit, a gathering hosted by the Detroit Economic Club to promote actions toimprove America’s manufacturinbg competitiveness in the global economy, said such "smart are the best way to create higher-paying, long-term manufacturing jobs in the United States. “Thr public and private sectors need to invest in advanced technologty that willlower costs, increase productivity, and make U.S. manufacturingg competitive globally,” said Nosbusch. “Thix investment is the best way tocreate enduring, higher-wage manufacturing jobs that can compete against othefr economies with lower costs of doing business.
” Nosbuschn also called for a renewed U.S. industrial policy that includes federal stimulus and research and developmentf on industrial automation andinformation technology, to keep U.S. manufacturingh competitive globally. Most Americans respondinbg to a recent survey say the governmentf should offer incentives for companies to invesft inadvanced technologies. “A $50 billion investment in retooling factoriez wouldcreate 250,000 direct manufacturing jobs in the U.S.
, support an additional 725,000 indirectr jobs, and generate up to $120 billion in revenur resulting from increased demand for products,” said citing a study by the , a business-labord coalition focused on job Nosbusch called for the Obama administration to doublre research and development for manufacturing innovationh to bring it back to 1970’s funding “If you really want to invest in high-quality job creation, you have to invest in he said. Nosbusch said that improved educationjin science, technology, engineering and mathematics is necessaryy to train workers to operate in the smarg factories.
Milwaukee-based Rockwell Automation (NYSE: ROK) is a globak manufacturer of industrial automation systemsand controls.
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