After “Lemming” Exodus, Manufacturers Look to United States
A handful of decades ago, the allure of cheaper labor internationally drove the migration of large manufacturers’ production out of the United States. However, these large companies are now reconsidering this move, based on the finding that the benefit of lower wages may not be financially worth the increased costs of logistics and materials. For the United States workforce, this is expected to create roughly 600,000 U.S. manufacturing jobs – which is good news for the economy. However, according to a study by the Manufacturing Institute and Deloitte, whether or not we have workers with sufficient skills to fill these positions is a different story altogether.
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