In America, many have lost sight of the fact that the object of the act of manufacturing is not merely the generation of maximum profit, but instead the creation of value.
Growing up, I learned that necessity is the mother of invention. During the recent COVID-19 crisis, many of us found out that necessity is indeed a cruel mother.
Your return on investment for PMPA’s Advocacy efforts can be seen on the increased depreciation and credits taken on capital equipment purchases, on the 100% tariffs that were avoided on the European-sourced copper and brass products that you machine and on the repeal of the 2.3% Medical Device Tax, the 1.9% Health Insurance Tax, and the 40% Cadillac Excise Tax on health care plans.
To expand on his “Workforce Development—What We Can Do Better” article, Miles Free explains the Who, What, Where, When, Why, How and How Many of one of the four upskilling tools—training.