There is a resurgence for manufacturing factories in the
U.S. The article quotes the president of Industrial Reality Group Stuart
Lichter, “Demand for closed factories has picked up since the recession”. International
firms have also dramatically shifted their production to the U.S. as a way to
grow their business and cut costs. This is interesting since the norm for the
past decade or so for international business has been to use Chinese factories
as a hub for manufacturing, not the other way around. This may be positive for
the U.S. overall by creating new jobs and rejuvenating idle assets, as there
are thousands of closed factories, industrial plants and military bases that
have been idle for many years. If manufacturing begins to boom in the U.S. this
may change details of our economic situation in many ways.
2 comments:
An instance such as this happened in my hometown. An old Nestle factory shut down and the building was purchased, divided into three sections and now there are new companies thriving in the old building and providing jobs.
In response to factories bringing jobs back to the U.S. Have any of the recent reforms since the recession incentivized keeping jobs in the U.S. rather than outsourcing work?
Post a Comment