Posted on 02/07/2015 5:52:17 PM PST by 2ndDivisionVet
In the last decade, we’ve lost millions of manufacturing jobs to outsourcing. According to U.S. News and World Report, there are now 5.1 million fewer American manufacturing jobs than in 2001. The lure of low wages, tax advantages, and other cost savings has made for a seemingly straightforward calculus, and manufacturer after manufacturer, supported by intricate spreadsheets, has abandoned ship, until offshoring has become the emerging mantra of the new millennium. U.S. companies that still manufactured locally have slowly become outliers.
Interestingly, this dynamic now seems to be changing, as we’re beginning to see more manufacturing in the U.S. Total output from American manufacturing relative to gross domestic product is back to pre-recession levels, with more than half a million new jobs. According to the Reshoring Initiative, 15% of this job growth results from reshoring alone. There are many reasons for this shift back to the U.S.
More bang for the buck.
The first has to do with cost. It used to be cheaper to manufacture outside the U.S.; now the costs are now converging. In the manufacturing sector, the U.S. is still among the most productive economies in the world in terms of dollar output per worker. To be more specific, a worker in the U.S. is associated with 10 to 12 times the output of a Chinese worker. That’s not a statement about intrinsic abilities; it merely reflects the superior infrastructure of the United States, with its higher investments in automation, information technology, transportation networks, education, and so on....
(Excerpt) Read more at forbes.com ...
Made for you.
With new technologies we can make stuff cheaper and faster than China if we wanted to. If the government would stop punishing work and investment, we would see a real ‘great leap forward’. (sorry to any commies who feel sore there)
Hopefully we won’t keep giving away domestic jobs to illegals and H1B visa holders.
It’s about darned time, for America to bring back manufacturing.
Last year we set (yet another record) of outsourcing to China. -342,632,500,000.00 Why should we buy stuff from China, and make China stronger and more powerful.
Bring it back. America needs to be stronger and more powerful.
Just saying.
I would add that “free trade,” which numerous presidents of both parties have advocated, has actually been pretty one-sided. We have actual free trade, whereas most of our trading partners have set up barriers of one sort or another to avoid losing all their manufacturing jobs. The result is that America has been bled more than any other country. And the Chamber of Commerce guys love it.
Pinging CNN is the equivalent of listening to "Right-round" by Dead or Alive repeatedly.
Quality vs Cost fundamentals. If you improve efficiency while maintaining quality, for one thing, on-shoring can be a Very Good move.
Thanks, fact is I read the original post first thing however.
I don’t know why I am one of the few people on this site supporting American business and industry.
Just saying.
America needs to rebuild America.
And that's all.
You're not.
You are one of the few who doesn't actually make constructive suggestions.
I find it interesting this article, is posted from Forbes, which is after all (to the best of my knowledge anyway...)
Now Chinese.
Not sure this article is made for Cringing....this points to all of the market reasons this is happening. Which means it’s a win win for everybody.
If we would export more of our liberalism, it would happen even more. Cringe wants to use the lever of government protectionism - which would stifle competition and screw the consumer.
Hello Todd.
Do you have any suggestions?
BTW my 422 per oz gold is doing just fine.
I hope you have been well. :^)
The only way to get politicians to take action on bringing manufacturing back to America is to convince them the illegals need the jobs.
To the contrary.
I want us to export stuff once again, especially to China. I think China is playing us, I think there are some in America who are playing the situation (and thus also playing us) and I think America in general is being sold out.
I am not saying the answer is government protectionism. I am not ruling it out, mind you, but what I am saying is we need to once again make things right here.
Stop importing so darned much.
Bring back American manufacturing.
That is my point. We are not growing. We are not producing, and we are giving away our own future.
I assume Mr Roemer will shortly be investing his own assets in a manufacturing start-up in the US.
More American manufacturing! Yes! This stuff should be built by AMERICAN robots!
Cutting the corporate tax rate to 20% would be a good start. 15% would be better.
Eliminate CAFE standards, the ethanol mandate and any other "green energy" mandate.
Build the Keystone pipeline.
Open ANWR and more offshore areas to drilling.
Sunset regulations after 10 years. If they worked, pass them again. If they didn't, they're gone.
BTW my 422 per oz gold is doing just fine.
You've lost a third of your value since Sept 2011.
The S&P 500 is up 75%, plus dividends, over the same time frame.
I hope you have been well
Doing okay. Thanks.
*
We know, all you're saying is......whine......
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