US manufacturers hiring more, paying more, thanks to tax reform: survey

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U.S. manufacturers are hiring more workers, boosting wages and increasing domestic investments following the passage of the Tax Cuts and Jobs Act.

Seventy-two percent of manufacturers are ramping up workers’ wages and benefits, according to a new survey from the National Association of Manufacturers (NAM). Meanwhile, 77% of survey respondents said they were hiring more workers, while 86% are investing more in plants and equipment.

“Manufacturing in America is now rising to new heights, thanks to tax reform, and as a result, manufacturers of all sizes are already investing more, growing more, hiring more and paying more. They are already improving lives and livelihoods,” NAM Board Chair David Farr said in a statement.

Meanwhile, optimism among manufacturers remains near all-time highs. More than 93% of manufacturers have a positive outlook on their company’s prospects in the U.S. economy – the second-highest level ever recorded by the National Association of Manufacturers –  its most recent quarterly survey revealed.

Read more: https://www.foxbusiness.com/markets/us-manufacturers-hiring-more-paying-more-thanks-to-tax-reform-survey

 

3 thoughts on “US manufacturers hiring more, paying more, thanks to tax reform: survey

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    Brittius said:
    May 18, 2018 at 7:56 am

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