OT US adding 3 million jobs from China

http://www.impomag.com/articles/2012/04/report-china-exodus-could-create-3m-us-jobs?et_cid%87199&et_rid `855645&linkid=http%3a%2f%2fwww.impomag.com%2farticles%2f2012%2f04%2freport-china-exodus-could-create-3m-us-jobs
CHICAGO - Improved U.S. competitiveness and rising costs in China will put the United States in a strong position by around 2015 to eventually add 2 million to 3 million jobs and an estimated $100 billion in annual output in a range of industries, according to a new report by The Boston Consulting Group (BCG).
The report, titled U.S. Manufacturing Nears the Tipping Point: Which Industries, Why, and How Much?, is the latest in BCG's ongoing study of the emerging reshoring or "insourcing" trend, conducted by its Operations and Global Advantage practices. It is being published today on www.bcgperspectives.com.
The report expands upon earlier BCG research released last year on the changing economics that are starting to favor manufacturing in the U.S. The first formal report, Made in America, Again: Why Manufacturing Will Return to the U.S., published in August, explained how 15 to 20 percent annual increases in Chinese wages and other factors were rapidly eroding China's manufacturing cost advantage over the U.S. Then in October, BCG released a second set of findings identifying seven broad industry sectors that it said were most likely to reach a "tipping point" over the next five years-a point at which China's shrinking cost advantage should prompt compa-nies to rethink where they produce certain goods meant for sale in North America.
The second formal report elaborates on those findings and explains the reshoring trend more fully. For example, it projects how much production work is likely to shift from China to the U.S. in each of the seven tipping-point sectors: transportation goods, appliances and electrical equipment, furniture, plastic and rubber products, machinery, fabricated metal products, and computers and electronics. It also predicts that production of 10 to 30 percent of U.S. imports from China in these sectors, which in 2010 accounted for nearly $200 billion worth of products, could move to the U.S.
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If you continue to allow "free" trade with Communist Chinese slave labor dictators (instead of trade with other democracies based on natural resources and climate), you will continue to destroy our manufacturing capability.
"Ed Pawlowski" <esp snet.net> wrote:

http://www.impomag.com/articles/2012/04/report-china-exodus-could-create-3m-us-jobs?et_cid%87199&et_rid `855645&linkid=http%3a%2f%2fwww.impomag.com%2farticles%2f2012%2f04%2freport-china-exodus-could-create-3m-us-jobs
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Exactly right. Especially if they don’t even respect intellectual property rights or let others bid for the same contracts that they let their own companies. On a level paying field we will always win, but the same rules have to apply to all sides and the Chinese government will never allow that.
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On 4/11/2012 2:31 PM, John Doe wrote:

Yeah Ed! WTF?
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On 4/11/2012 2:20 PM, Ed Pawlowski wrote:

http://www.impomag.com/articles/2012/04/report-china-exodus-could-create-3m-us-jobs?et_cid%87199&et_rid `855645&linkid=http%3a%2f%2fwww.impomag.com%2farticles%2f2012%2f04%2freport-china-exodus-could-create-3m-us-jobs
Perhaps there was a sinister scheme all along. Destroy U.S. industry and unions, turn our country into a third world nation and all the manufacturing will swing back to the new source of cheap labor. Now if we could get The Chinese to saddle their industry with thousands of onerous government regulations and requirements including labor unions to drive the cost of doing business into the stratosphere, the cost of doing business in China would be just like it is in The U.S. so there would be no cost advantage to sending work to China. ^_^
TDD
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