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
Business Week
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