… The cover of the April 22 issue of Time Magazine shows robots chiseling out the words “Made in the USA” and the story is “Manufacturing is back—but where are the jobs?”
… The story makes the case that (1) the “offshoring boom appears to have largely run its course”; (2) labor productivity has been rising sharply in the US over the past decade while remaining flat in China; (3) infrastructure and shipping costs are cheaper in the US; (4) states are providing incentives to companies to build and hire in their states; and (5) “It’s win-win when companies can combine low-cost energy with more productive local labor and cost-saving automation technology.”
… GE’s $170 million battery factory in upstate NY was used as an example of high-tech methods producing backup power in cell towers all over the world at lower cost and higher quality than any other provider.