Have you heard the one about the American job that came back onshore after having spent decades abroad? No joke. As offshore wages, intellectual property theft and other costs rise, the financial advantages of manufacturing overseas are beginning to melt away like the morning fog.
In a decades-old lament, hundreds of thousands of American jobs have migrated to other countries due, in most cases, to the cost advantages of cheaper labor. That’s begun to change… and none too soon.
According to ABC News, the Bureau of Labor Statistics reported that in 2008 more than 11,000 American jobs were lost to “‘out-of-country relocations’ for cheaper, foreign labor.” That number fell by more than half in 2010 to 5,300.
To read the full, original article click on this link: Back in the U.S.A. - Forbes
