After years of hand-wringing about the expense of making things in America, a new report from the Boston Consulting Group says that’s all changing. The shift is due in part to stagnant wages — at least that’s potentially good for something — and to a greater extent, the abundance and declining cost of natural gas. In […]
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A Vietnamese protester holds a banner in a rally against Beijing’s deployment of an oil rig in the contested waters of the South China Sea, outside the Chinese Embassy on Sunday, May 11, 2014 in Hanoi, Vietnam. The deployment of the rig has a triggered a tense standoff in the ocean and raised fears of […]
STRONG SELLER: Single’s “Janessa” jumpsuit When Gala Inc. founders Galina and Michael Sobolev began shifting their production for their contemporary line,Single, back to the United States about six years ago, there were several compelling reasons to bring manufacturing home. FAMILY BUSINESS: Galina & Michael Sobolev, pictured with their sons, Evan (far left) and Julian (far right). […]
Lucas Remer helps produce alternators at Generac’s plant in Whitewater, Wis., where 80 factory jobs were created when the company reshored the manufacturing of a component to the U.S.A. from China. The move is part of a growing trend. GARY PORTER | MILWAUKEE JOURNAL SENTINEL PHOTO Companies looking for return: After years of sending […]
Frank Krejci, president and CEO of Strattec Security Corp. Master Lock LLC, Caterpillar Inc., General Electric Co. and Whirlpool Corp. have all re-shored products back to the U.S., but more manufacturers are starting to lay the groundwork to come back home, according to a presentation by Deloitte Development LLC. The reason — U.S. manufacturing labor costs have remained flat […]
A bill introduced by state Senate President Stephen Sweeney would require Port Authority projects to use domestic steel. The agency was criticized last fall for allowing a combination of Chinese and American steel to be used on the Bayonne Bridge roadway project. Since then the contractor has switched from Chinese to Italian steel. (John Munson/The […]
U.S. manufacturing becoming low cost over the past decade compared with factories in China, Brazil and most of the world’s other major economies. So says a new private study, which found that rising wages and higher energy costs have diminished China’s long-standing edge over the United States. So has a boom in U.S. shale gas […]
The American economy is less entrepreneurial now than at any point in the last three decades. That’s the conclusion of a new study out from the Brookings Institution, which looks at the rates of new business creation and destruction since 1978. Not only that, but during the most recent three years of the study — 2009, […]
The good news from the April jobs report is that the recovery is the same as it’s always been. The bad news is that, well, the recovery is the same as it’s always been — and some workers are giving up as they realize that. As you may have noticed, this winter was pretty cold. So cold, […]
New government data released Friday morning showed the nation added 288,000 jobs in April, a reassuring sign that the U.S. economy has picked up momentum since stalling out over the winter. The hiring spree surpassed most analysts’ expectations and is the strongest showing in more than two years. Businesses added workers across a broad array of […]