Quote:
Originally Posted by GlobalTJB
If there is any upside to all of this, the cost of manufacturing in China is steadily increasing. Maybe in a few years it will be cheaper to produce good here resulting in the buildup of our manufacturing power. Thats been our saving grace going back to the civil war which has dwindled away as our economy transformed over the past half century.
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Even before the recession when oil cost were sky high companies were already moving production back to the US for some goods.
There's also a shift away from China to even cheaper areas of production for the reason you already mentioned.
Long-term with rising energy and transportation costs production is likely to move closer to the consumer for many commodity goods.
-spence