Posted
11:16 AM
by Gene
EXASPERATING:There are myriad reasons for the shifts, often called "onshoring" or "reshoring." Chinese wages and shipping costs have risen sharply in the past few years while U.S. salaries have stayed flat, or in some cases, fallen in the recession. Meanwhile, U.S. manufacturers have been frustrated by the sometimes poor quality of goods made by foreign contractors, theft of their intellectual property and long product-delivery cycles that make them less responsive to customer demand.But still and all, they saved enough money to pay the CEOs NINE DIGITS!
Still, says Jim Campbell, CEO of GE's appliance unit: "The biggest difference is the U.S. is in the game now."It might have helped if LEGENDARY WELCH and COMPANY hadn't taken America OUT OF THE GAME.