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Default 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:



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From: "Ed Pawlowski" esp snet.net
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Subject: OT *US adding 3 million jobs from China
Date: Wed, 11 Apr 2012 15:20:01 -0400
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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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