Someone sent this to me, it's a couple of weeks old:
http://www.ctv.ca/generic/generated/static/business/article2041599.html
Excerpts:
The United States exported more goods and services in March than in any
single month in its history: $172.7-billion (U.S.) worth. It was the
country's 21st consecutive month of rising exports, pushing the
year-over-year increase to 20.9 per cent. In these 12 record-setting
months, exports reached within one-tenth of 1 per cent of $2-trillion -
more than four times the cost of the country's imports of crude oil.
This is significant. People are starting to take notice. Markets writer
Joseph Lazzaro (on the Daily Finance website) anticipates that the U.S.
up-trend in exports could last for years and turn its intractable trade
deficit into a surplus. More dramatically, Boston Consulting Group
(BCG), a global management consulting firm, discerns "a renaissance" in
manufacturing that will, within five years, lure major U.S. corporations
to return home from China.
[...]
BCG said many more such decisions will occur as wage rates for skilled
workers rise in China, year after year, at double-digit rates.
[...]
Harold Sirkin, a BCG senior partner, said in a release. "We expect net
labour costs for manufacturing in China and the U.S. to converge by
around 2015. As a result ... you're going to see a lot more products
`Made in the USA' in the next five years". At current rates, China's
wages could double in as few as five years.
// The article continues that US exports to several countries have
risen 20-40% in the last year, and
Since 1947, U.S. manufacturers have precisely tracked the sevenfold
increase in U.S. GDP. In 1980, they produced 22 per cent of the world's
manufactured goods. In 2011, they still do, while China produces 15 per
cent. Through the entire rise of China, in other words, U.S.
manufacturers have maintained their original share of global production.
This single industry would rank, all on its own, as the eighth-largest
economy in the world.
// I am somewhat suspect of the facts in this article. I wonder if it
is rather true that these "made in USA" articles in fact have the
last couple of bolts and the nameplate only added in the US, with
the component parts all funneling in from the usual suspects.
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