Fantastic news!
There is a group of posters on FR who love to attribute the export of US manufacturing jobs to the EPA, corporate tax rates, unions and all sorts of regulations. But they never mention cheap labor overseas.
The number one reason US manufacturing has left the US is, and always has been. cheap labor. And the trend has been going on since the 1950s before the EPA and most regulations even existed. There are other factors, but whatever is next has been a distant second to cheap labor.
Maybe the trend is beginning to reverse to some extent due to rising wages in some cheap labor nations. But to pretend that cheap labor has not been the biggest factor in the loss of manufacturing jobs just indicates some have agendas other than dealing with reality.
You can color me skeptical about this fad. I think its a media concoction to help 0bama get re-elected. The truth of the matter is that we can’t repatriate a lot of business to the USA because we no longer have the supply chains in place to support much domestic manufacturing. Its one thing to assemble some things here but it is something entirely different to reconstruct the supply chains (including the raw materials and the transportation infrastructure) for those businesses. The first time that we try to open mines, quarries, forests, oil fields and mills the environmentalists will take the businesses to court to shut them down.
No, this is part of the 0bama re-election spin...and I’m not buying it.
Sometimes they get to their new low-wage locale and find the people have such a lousy work ethic, it ain’t worth it even at 1/10 the wage.