1. From today's WSJ article "Indiana Steel Mill Revived With Lessons From Abroad:"
"American manufacturing—from chemicals to washing machines—is growing
again. Spurred by stable labor costs, weaker unions and low natural gas
prices, today's manufacturers have emerged from the recession far
different from what they were even a decade ago. They employ more highly
skilled workers, are more automated and have far fewer workers.
Globalization often is blamed for the
travails of American manufacturing—from the relentless pressure of
imports from lower-wage countries to outsourcing and overseas production
by U.S.-based manufacturers. But globalization has its upsides as well.
Not only does it often mean cheaper goods for American manufacturers,
but it puts pressure on U.S. factories to become more efficient to keep
up with global competition, making it possible for them to survive."
of big US manufacturers have moved factories in the past two years,
with the most popular destination being the US, according to a survey
being released on Monday by Accenture, the consultants."