Inflation, burnout among biggest challenges small business owners face: Survey

Inflation, burnout among biggest challenges small business owners face: Survey

Maine can’t just abandon manufacturing

If Maine’s manufacturing budget is so meager that the state’s U.S. Manufacturing Jobs Corps predicts its growth will slow to less than 2 percent in 2017, that would be a gradual loss of workers from low-wage, low-skill jobs across the state.

The wheel has stopped spinning.

“I’ve heard two things, which I think is crazy, but not out of the realm of possibility. The economy doesn’t grow because manufacturing is going nowhere. The economy doesn’t grow if everyone’s working. When you look at other states, they don’t grow in different ways. Michigan and Arkansas are two different states, but I don’t know which one it’s going to be,” said Burton.

In Maine’s case.

“If they get a little more involved in manufacturing, and all the other states have the next generation of jobs that most would be able to do in five years, and the people are working if you’re in manufacturing, you’re going to lose a lot of those jobs. You’re going to lose the economy because the jobs that would be created are going to come from overseas. And that’s why I think mandating all of those new jobs is such a bad idea,” said Burton.

Only four states in the U.S. have job creation data, and the number of people in Maine actually falls.

When you compare Maine to other states, Maine’s economy is largely in the same place. It’s the only state (in the U.S.) with a high level of exporter rate workers and thousands of new firms trying to find jobs.

“When you compare Maine’s economy to other states, I think mandating all of those new jobs is such a bad idea,” said Burton.

The rest of Maine’s economy “is simple Kodak,” he said. “It’s a job. It’s what we call manufacture. It’s the greatest. And when you look at all the things that we can do, that’s what it’s all about,” said Burton.

One of the five states with the largest manufacturing employment market in the country, Maine has added more than 35,000 jobs in 2017; it has been added to the top 15 industries for seven consecutive years. Last year, Maine added upwards of 600,000 jobs to its economy.

“This is not a new trend,” said Burton.

Maine still has an unemployment rate of 4.7 percent, but officials say there is still a big job shortage, and state officials are working to find new sources of employment.

The impact of the closure starts with the state’s employers, who often need more than one job to create an overall net job creation.

“If you’re a new company there, you’re not going to have more than four or five new people in the next couple of years. It’s going to be a hard job to get new people into that job pool,” said Burton.

Maine’s job creation numbers are only a snapshot, but some indicators are more encouraging, showing Maine’s economy is in the better region of the country.

Maine offers a “half-cocked” manufacturing export market that creates jobs for skilled workers, a key demand, said Burton.

But the ability of the state to offer more job opportunities, along with one of the most favorable labor markets in the country, will help the state’s economy grow, he said.

“I think that the most important thing

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