Look longer term. Where are new domestic factories being built? Where will high tech go when Fla, Tx, Al and NC become too expensive and less pro business?
I'm not sure there's going to be that many factories left in 20 years. A couple months ago I shared a cab with a real live woman from Victoria's Secret. Actually, not a model but a production person.
This was a good thing, since I read that the company recently designed a new machine that can manufacture a bra in a completely automated fashion. I asked if that meant the garment segment would come back to the U.S. -- a bunch of automated machines to make clothing. She laughed at me. Literally, she laughed. She said it was still cheaper -- even with the new bra making machine -- to make stuff in China or Vietnam.
A friend of mine, a pattern maker who had worked in the garment industry of NYC, lost her job awhile back because the patterns are simply sent to China. She has still been out of work.
Guess everything will be sent to China for cheaper pretty soon.
I was referring more to automotive, aerospace and high tech.