A booming economy means better wages, more buying power and increased optimism, right?
According to responses from the 2018 IndustryWeek Salary Survey, the average salary for a manufacturing manager in the past year was $118,500—down about 6% from the previous year. By comparison, wage growth overall for private industry was 2.8% year-over-year at the end of the second quarter of 2018, according to the U.S. Bureau of Labor Statistics.
Still, satisfaction was high, with 69% of respondents saying they were “satisfied” or “very satisfied” with their current job (72% in 2017, 74% in 2015).
At the same time, manufacturing leaders bemoan the lack of skilled workers and the number of positions gone unfilled at their companies. Few are considering apprenticeship programs as a training option.
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