Survey: Manufacturers are Boosting Wages, Hiring and Investment

A new survey from the National Association of Manufacturers (NAM) shows that manufacturers are keeping their promise after passage of the historic tax reform legislation by boosting wages, hiring and investment.

The survey shows 72% of manufacturers are increasing employee wages or benefits, 77% are hiring more workers and 86% are investing in new equipment and facilities.

Last month, the NAM’s Manufacturers’ Outlook Survey found optimism among manufacturers registered the second-highest level ever recorded (93.5%) in the 20-year history of the survey.

David Farr, Emerson CEO and NAM board chairman, reviewed the survey results this week during his testimony at a House Ways and Means Committee hearing focused on the impact of tax reform on the U.S. economy, job creators and workers. 5/16/2018

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