Made in America, a Study on the Resurgence of U.S. Manufacturing
January 4, 2012
- Despite the trend of outsourcing to China, the value of U.S. manufacturing output increased by one-third from 1997 to 2008
- Within five years the total cost of production for many products will be only about 10 to 15 percent less in Chinese coastal cities than in some parts of the U.S.
- Rising Chinese wages, higher U.S. productivity, a weaker dollar and other factories will virtually close the cost gap between the U.S. and China for many goods consumed in North America within five years
- U.S. manufacturing output is almost two and a half times its 1972 level in constant collars
###Burke Development Incorporated, BDI, is a nonprofit 501c3 organization supported by private and public funding that is charged with accelerating economic growth in Burke County. BDI works with industry leaders, site selection consultants, existing businesses, government agencies and other entities to promote growth, innovation and sustainability in Burke County. For more information about BDI visit www.BurkeDevInc.com.