Tuesday, August 4, 2015

Why it’s now cheaper to produce some goods in the South than in China - The Washington Post


[B]ecause the industries that are returning to the United States are heavily automated, they won't provide anywhere near the number of jobs that manufacturing facilities did in past decades. The Economic Policy Institute, a left-leaning think tank, estimates that the U.S. trade deficit in goods with China eliminated or displaced 3.2 million American jobs between 2001 and 2013, three-fourths of which were in manufacturing. And that's not to mention the millions of manufacturing jobs that were lost to automation and offshoring in the decades before that.

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