16
Feb
12

Newslink: Onshoring: Is made in America Back?

President Obama Touts ‘Onshoring’: Is Made in America Back? | Daily Ticker – Yahoo! Finance. In an interview with Daniel Gross on the Daily Ticket, Harold Sirkin, co-author of “Made in America again”, a partner at the Boston Consulting Group says that the United States is “onshoring” or “insourcing” much sooner than anybody had anticipated. Part of the reason is the rising costs of Chinese produced goods. Companies that manufacture less intensive labor products like: appliances, televisions, computer equipment, furniture, machinery, plastic and rubber are more likely to “reshore”. $100 Billion in goods production can return to the US in the next decade, adding hundreds of thousands of jobs and reducing the unemployment rate by another 1.5% and potentially larger, as every manufacturing job created, creates another three jobs in the supply chain, the trucking system and other areas.

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