Minister of Truth
Practically Perfect
Since outsourcing and manufacturing are his two big issues, I thought he would appreciate seeing this introduction to a recent Seattle Business Magazine issue written by the editor, about the possible return of manufacturing jobs to the US.
http://www.seattlebusinessmag.com/article/back-future
http://www.seattlebusinessmag.com/article/back-future
Back to the Future
Leslie D. Helm | July 2011 | FROM THE PRINT EDITION
Ask a smart young college student about her career plans and she might talk about business, medicine or law. On rare occasions, you might find someone interested in engineering. What you aren’t likely to find is a student interested in manufacturing. That’s too bad, because after two decades of tough times, during which the sector has shed millions of workers, the future of manufacturing is looking bright again.
For one thing, the cost differential between the United States and the rest of the world is shrinking thanks to rising productivity in American factories, a weaker dollar, higher wages in China and climbing transportation costs. That’s the conclusion of a study by the Boston Consulting Group, which says that by 2015 American companies will find it makes more economic sense to expand production in the U.S. rather than to build offshore.