A study scheduled to be released on May 5 by Boston Consulting Group argues that the U.S. is headed for a “manufacturing renaissance” over the next five years. The mainland’s pay advantage over the U.S. is eroding because Chinese wages are rising about 17 percent a year and the yuan is gaining in value, according to BCG. And an “increasingly flexible” U.S. workforce is willing to accept non-union wages and benefits, and state and local governments are raising incentives to attract factories, the firm says.
From The Case for Making It in the USA
By Peter Coy