A wakeup call for manufacturing
BY TERRY KOSDROSKY
April 19, 2012
A recent uptick in U.S. manufacturing has optimists hoping to end the lost decade that saw steep employment drops across the sector.
Today, productivity is up, a relatively cheap dollar is boosting exports, and the wage gap between the U.S. and China is shrinking. Some companies are even repatriating operations from overseas.
But a huge portion of U.S. manufacturing—as much as 40 percent, experts project—hangs in the balance as firms assess whether to stay in the country or move elsewhere. It all comes down to pending policy decisions, according to a study by the University of Michigan's Tauber Institute for Global Operations and consulting firm Booz & Co.
[To read the rest of the article, check out the article posted at the University of Michigan's Michigan Today.
URL: http://michigantoday.umich.edu/story.php?id=8217 ]