McClatchy: Manufacturing rebounds, but is it a renaissance?
“Right now many factors are combining to make American manufacturing more attractive than it’s been in quite a while. These include rising production costs in China, flat wage growth in the United States, corporate borrowing rates near historic lows, a weakening of the dollar against the currencies of competitors in hot emerging economies and a boom in U.S. natural gas production that’s lowering a key cost for U.S. factories.” Not a single mention of environmental laws, which tend to always get hauled out during “manufacturing’s gone overseas” discussions.
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Betcha didn’t know that Iowa City, Iowa is a hotbed of American manufacturing. And so is the State of Wisconsin!