Monday, January 23, 2012

Why American Manufacturing Has Been Relocating Abroad

It's not because of lower wages. But because of the overall costs of doing business. So says an interesting 3-part article by Carl Pope. And Barack Obama who will announce what he essentially intends of doing if he gets a second mandate in November when he delivers his annual report card to Congress tomorrow is expected to address these issues.

Indeed, the media has reported that the thrust of a second Obama term will revolve around education, manufacturing and innovation. Which is essentially what Steve Jobs told him he should work on back in October 2010 in order to avoid ending up as a one-mandate President.

3 comments:

akagugo said...

And think about Koreans making the best out of the crisis: for example Hyundai, once a joke, now topping customer retention charts. Can our local pseudo-entrepreneurs wage such an uphill battle? Some prefer thinking that a name-change can do the trick.

Airplanes take off against the wind...
Only dead fish swim with the current...

Sanjay Jagatsingh said...

A joke in the beginning but they've improved consistently. Life's a marathon not a 100m dash...

Sanjay Jagatsingh said...

Apple recently announced that its new Mac Pro will be assembled entirely in the US.