The Impact of Opioids on Manufacturing: Groundbreaking Research from the MAPI Foundation
Summary
“The opioid crisis has been a major public discourse for the past few years,” noted Jenn Callaway, VP of Research at MAPI and co-author of the report.While undeniably important, this research branches out and examines the effect and potential disruption to U.S. manufacturers – and the results demand action.” Contributing factors: · In 2015, the U.S. spent 2.8% of its GDP on the opioid crisis.The Foundation researches the economic impact of manufacturing, including the implications of government policies and the success drivers that keep the industry competitive.While undeniably important, this research branches out and examines the effect and potential disruption to U.S. manufacturers – and the results demand action.”Contributing factors:· In 2015, the U.S. spent 2.8% of its GDP on the opioid crisis.· The U.S. drug crisis is reducing the labor force and its productivity.- Areas with higher opioid pain medication prescription rates have lower labor force participation rates.- Drug addiction leads to productivity loss for employers.· The U.S. drug epidemic is accelerating in communities with large manufacturing workforces.- By the end of 2016, 70 counties were employing the largest amount of manufacturing workers and grappling with deadly addiction.The Foundation researches the economic impact of manufacturing, including the implications of government policies and the success drivers that keep the industry competitive.