The Wrinkled World

Is the world getting less flat? The wrinkles of continental economic drift are popping up.

As Chinese labor costs rise, work moves back to the US. Notice I did not say ‘jobs’. One of our advantages is the ability to manufacture with less labor content and more capital, monetary physical, and intellectual. So jobs may not increase proportionately.

Made in the USA, Again: Manufacturing Is Expected to Return to America as China’s Rising Labor Costs Erase Most Savings from Offshoring « The Operations Room

 

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