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OT US adding 3 million jobs from China
On Apr 11, 12:31*pm, John Doe wrote:
If you continue to allow "free" trade with Communist Chinese slave labor dictators (instead of trade with other democracies based on natural resources and climate), you will continue to destroy our manufacturing capability. "Ed Pawlowski" esp snet.net wrote: Path: eternal-september.org!mx04.eternal-september.org!feeder.eternal-september.o*rg!news.le-studio75.com!news.glorb.com!border3.nntp.dca.gigan ews.com!Xl.tag*s.giganews.com!border1.nntp.dca.gig anews.com!nntp.giganews.com!local2.nntp.*dca.gigan ews.com!news.giganews.com.POSTED!not-for-mail NNTP-Posting-Date: Wed, 11 Apr 2012 14:13:41 -0500 From: "Ed Pawlowski" esp snet.net Newsgroups: alt.home.repair Subject: OT *US adding 3 million jobs from China Date: Wed, 11 Apr 2012 15:20:01 -0400 X-Priority: 3 X-MSMail-Priority: Normal X-Newsreader: Microsoft Outlook Express 6.00.2900.5931 X-MimeOLE: Produced By Microsoft MimeOLE V6.00.2900.6157 X-RFC2646: Format=Flowed; Original Message-ID: Ke-dnSOqS-V4ShjSnZ2dnUVZ_rSdnZ2d giganews.com Lines: 38 X-Usenet-Provider:http://www.giganews.com X-Trace: sv3-DooExU6yAyQCEEYEJVlsf+jwSuBPmyGKZ4zqEfZ3FMjUO6G0uq AnijEM44ZEaSA2G2qdSla*YM7kpDXv!4F12RoHoESXVttvGOwi JKp97r6sR/CSQGaCjS97XeHeVmULX//le5Rw4qlJmdPbPTo*9QrCv9yGI= X-Complaints-To: abuse giganews.com X-DMCA-Notifications:http://www.giganews.com/info/dmca.html X-Abuse-and-DMCA-Info: Please be sure to forward a copy of ALL headers X-Abuse-and-DMCA-Info: Otherwise we will be unable to process your complaint properly X-Postfilter: 1.3.40 X-Original-Bytes: 3278 Xref: mx04.eternal-september.org alt.home.repair:235146 http://www.impomag.com/articles/2012...odus-could-cre... CHICAGO - Improved U.S. competitiveness and rising costs in China will put the United States in a strong position by around 2015 to eventually add 2 million to 3 million jobs and an estimated $100 billion in annual output in a range of industries, according to a new report by The Boston Consulting Group (BCG). The report, titled U.S. Manufacturing Nears the Tipping Point: Which Industries, Why, and How Much?, is the latest in BCG's ongoing study of the emerging reshoring or "insourcing" trend, conducted by its Operations and Global Advantage practices. It is being published today on www.bcgperspectives.com. The report expands upon earlier BCG research released last year on the changing economics that are starting to favor manufacturing in the U.S. The first formal report, Made in America, Again: Why Manufacturing Will Return to the U.S., published in August, explained how 15 to 20 percent annual increases in Chinese wages and other factors were rapidly eroding China's manufacturing cost advantage over the U.S. Then in October, BCG released a second set of findings identifying seven broad industry sectors that it said were most likely to reach a "tipping point" over the next five years-a point at which China's shrinking cost advantage should prompt compa-nies to rethink where they produce certain goods meant for sale in North America. The second formal report elaborates on those findings and explains the reshoring trend more fully. For example, it projects how much production work is likely to shift from China to the U.S. in each of the seven tipping-point sectors: transportation goods, appliances and electrical equipment, furniture, plastic and rubber products, machinery, fabricated metal products, and computers and electronics. It also predicts that production of 10 to 30 percent of U.S. imports from China in these sectors, which in 2010 accounted for nearly $200 billion worth of products, could move to the U.S. Exactly right. Especially if they don’t even respect intellectual property rights or let others bid for the same contracts that they let their own companies. On a level paying field we will always win, but the same rules have to apply to all sides and the Chinese government will never allow that. |
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