Manufacturing Returning to the U.S.? Maybe Not

CAUTION about what’s above: READ THE CAPTION and FOOTNOTE.

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The graphic above come from The Onshoring Myth?, an article with this concluding paragraph:

The evidence is clear: Claims that manufacturing is returning to the US simply do not hold water. Of course, given that the increase in emerging economies’ labor costs and the decline in American energy prices are recent developments, import shares could begin to decline in a few years.

But, with that outcome far from certain, the US cannot rely on a rapid increase in manufacturing competitiveness to underpin its economic recovery.

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THE KICKER: One of the 2 co-authors works at the Federal Reserve Bank of Boston.

Source: http://electricalcontractor.com/?p=15223

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