Why It’s Time to Bring Manufacturing Back Home to the U.S.A.
In the last decade, we’ve lost millions of manufacturing jobs to outsourcing. According to U.S. News and World Report, there are now 5.1 million fewer American manufacturing jobs than in 2001. The lure of low wages, tax advantages, and other cost savings has made for a seemingly straightforward calculus, and manufacturer after manufacturer, supported by intricate spreadsheets, has abandoned ship until offshoring has become the emerging mantra of the new millennium. U.S. companies that still manufacture locally have slowly become outliers.