Economics and Politics
Historically, it’s been China where manufacturers have felt most comfortable. It’s traditionally been a huge financial saving. But this could be changing. Already many are moving their business out of China and back home as noted in a previous post.
And now, as part of his campaign, Barack Obama is claiming that since manufacturers are coming home, this is clear evidence that the country’s economy is back on track. He is using this argument to point out that Mitt Romney was one of the early proponents of encouraging US corporations to outsource blue-collar jobs to low-wage economies overseas.
At the same time, Obama – along with other proponents of doing business in America – is claiming that taking business abroad is becoming more expensive. In addition, workers in America are becoming increasingly more efficient, and it’s thus making more sense for businesses to come back to the States.
So it seems that the household phrase Made in China could very soon be replaced by Made in America.