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How to Encourage Manufacturing Innovation

How to Encourage Manufacturing Innovation
Howard Richman, 6/28/2011

On December 5, 1791, President Washington’s Treasury Secretary Alexander Hamilton presented a Report on Manufactures to Congress which established America's tariff-based industrial policy for the next 150 years. He began by noting the general recognition of the importance of manufacturing to an economy:

In June 2011, President Obama’s President’s Council of Advisors on Science and Technology (PCAST) put together a Report to the President on Ensuring American Leadership in Advanced Manufacturing with a similar emphasis upon the importance of manufacturing and manufacturing innovation.

PCAST is a prestigious group including top academic and business leaders, including Craig Mundie, Chief Research and Strategy Officer of Microsoft, and Eric Schmidt, Executive Chairman of Google. Their report was based upon a workshop in which they heard testimony from leading manufacturers and innovation experts. The resulting report shows some good understanding of the problems of the U.S. manufacturing sector. It shows some good understanding of what has worked to encourage innovation in the past. But when it comes to economics, its recommendations are inadequate.

The report points out that after manufacturing moves abroad, research and development follow, and soon, Americans have little chance to be innovative. It recommends that $500 million be spent to encourage innovation, modeled upon the SEMATECH consortium which saved the American integrated circuit industry. Here is a description from the report of what happened:

The Federal government has also used public-private partnerships as a vehicle to advance key tech­nologies. The SEMATECH consortium of the late 1980s and early 1990s, for example, was a partnership between DARPA [Defense Advanced Research Projects Agency] and 14 U.S.-based semiconductor manufacturers, in response to the fact that Japan had captured a large portion of the integrated circuit memory chip market, and was poised to capture the majority of that market. This was viewed as a risk to national competitiveness and national security. SEMATECH, which matched $500 million in Federal government spending with equivalent industry spending over 5 years, advanced precompetitive research on the technology needed for next-generation chips. It also funded a test integration facility for tool and equipment suppliers in the semiconductor industry, allowing for prototyping of innovations in chip technology through direct contact between suppliers and the major companies in the consortium.

Employment Contract Template | Best Sample Templates

An employment contract is an agreement between an employer and an employee. This contracts states the terms of service, rules and regulations that the employer expects of the employees, this includes the working hours and also conditions under which permission to be off duty is granted. It also states the salary, allowances and benefits the employee is entitled to. This document gives vital information to the potential employee for him/her to make a decision. You will work on probation period of___________months.

During the probation period you will be paid a salary and allowances amounting to__________________

Upon successful completion of the probation period your salary and allowances will be reviewed as stated below:

Basic Salary______________

House Allowance____________

Commissions/Bonus at the rate of___________________%

The company’s stipulated working hours are from ___________to ____________________

Employers are entitled to an annual paid leave of ___________months.

Sick leave notice should be submitted to the company within_________-hours of the leave commencement date and time.

Either of the undersigned parties may terminate this contract during the probation period.

The undersigned employee shall not disclose the company’s classified materials or information to any unauthorized persons.

The undersigned hereby agrees and accepts to act in accordance with the terms as stated above.

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