Thanks To Republicans, American Workers Are Now Cheaper Than Chinese
May 5, 2015
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8:32Now PlayingThanks To Republicans, American Workers Are Now Cheaper Than Chinese
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"The good news? Manufacturing jobs are finally starting to return to the U.S. The bad news? It’s only because those Chinese workers are getting all uppity these days and demanding higher wages and better working conditioners. Now U.S. workers seem so cheap and docile in comparison.
MarketWatch reports manufacturing jobs are returning to our shores in record numbers. Not only are U.S. companies “reshoring” jobs to the U.S., foreign companies are moving their factories here too.
Sixty thousand manufacturing jobs were added in the U.S. in 2014, versus 12,000 in 2003, either through so-called reshoring, in which American companies bring jobs back to the U.S., or foreign direct investment, in which foreign companies move production to the U.S., according to a study from the Reshoring Initiative. In contrast, as many as 50,000 jobs were “offshored” last year, a decline from about 150,000 in 2003.
For the first time in 20 years, we’ve even seen a net gain in manufacturing jobs, to the tune of 10,000. Reshoring Initiative President Harry Moser told MarketWatch:
“The trend in manufacturing in the U.S. is to source domestically. With 3 [million] to 4 million manufacturing jobs still offshore, we see huge potential for even more growth.”
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