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US States lure manufacturers and shore up jobs


Discovered on 2014-06-30 17:59:57 · http://www.cnbc.com/id/101795323
He believes that when companies look at the total cost of ownership (TCO) rather than simply the lower wages in places like China, the case for bringing manufacturing back to the U.S. makes business sense.

"A decade ago, companies were wowed by lower wages in China and ignored all the other costs associated with manufacturing overseas," he said. With rising wages in China as well as more favorable conditions here in the U.S.—including being closer to the customer—companies can no longer make the argument that it's more economical to manufacture overseas.
DISCOVERED BY:
hashtaggoodbyes
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