http://www.forbes.com/sites/gordonchang/2012/12/09/move-over-michigan-china-is-the-worlds-next-rustbelt/ I'm happy to see this trend continuing, how about you?
That was a darn interesting article. It served as a good protocol on how rapid and unchecked manufacturing growth can create a set of problems too big to fully overcome.
American manufacturers, in short, are gaining on the Chinese. Boston Consulting Group has predicted that around 2015 it will become more economical to manufacture in the U.S. than China in seven industrial sectors. American workers are more productive and less likely to strike than their Chinese counterparts. Moreover, as suggested above, transportation costs are much lower and delivery times far shorter when goods are made here. And energy is substantially cheaper in America. Union workers will always outperform slave labor.
