Manufacturing is Returning to America
While every politician and pundit has his or her own extrapolation about how this data should be interpreted, the truth of the matter is that manufacturing jobs appear to be making their way back – ever so slowly – to the United States, from overseas and abroad. In September 2012, the Financial Times reported that the American manufacturing index rose 1.5%, a modest figure in comparison to previous years of economic boom. In comparison, European manufacturing contracted for the fourteenth consecutive month in September, and Chinese manufacturing managed (just barely) to remain at its prior, August level. While it would be preemptory to analyze the causes for this re-balancing of manufacturing back to the United States, a lot of it seems to have to do with the sheer caprices and vicissitudes of the global economy. Read more...
