Manufacturing jobs can be created by shifting outsourced production back to the U.S.
Outsourcing is a practice utilized by many companies as a method of cost-cutting. For quite some time, China was one of the main countries where factories and production facilities were established due to low labor costs. Recently, those costs have been subject to significant increases, and some companies are reacting in kind by shifting production back to the U.S.
According to the Financial Times, if this trend continues, it could lead to a great deal of job creation in the U.S., which will benefit companies and employees alike.
In manufacturing and most other business sectors, little if anything is certain, particularly trends, which have a particular proclivity to diminish, reverse or change in other fashions with little prior indication.
Despite this, the value of creating jobs – a factor that is always significant – is of particular importance to the U.S. economy. Any solution that could bring about new employment for those out of work can only be seen as beneficial, given the most recent updates from the Bureau of Labor Statistics indicating that the unemployment rate remains at a problematic level of 9.1 percent as of September 2011.