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Lt. Gov leads manufacturing summit at MSU

April 24, 2014

Mississippi has changed much since 1991, but Lt. Gov. Tate Reeves wants to point out a statistic that has not changed in relation to one that has.

“If you go back to 1991 and look at the data, and you look at manufacturing as a percentage of GDP (gross domestic product), you find manufacturing as a percentage of GDP is the same today as it was 20 years ago,” Reeves said. “But if you look at manufacturing employees, the number of employees have been cut in half. That’s neither good nor bad. What has led to that is that companies have become significantly more productive, and that efficiency has led to greater profits in the long term, but it’s led to less employment.

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