19 July, 2012

The Future of Manufacturing Is in America, Not China - By Vivek Wadhwa | Foreign Policy

The Future of Manufacturing Is in America, Not China - By Vivek Wadhwa | Foreign Policy: Many CEOs, including Dow Chemicals' Andrew Liveris, have declared their intentions to bring manufacturing back to the United States. What is going to accelerate the trend isn't, as people believe, the rising cost of Chinese labor or a rising yuan. The real threat to China comes from technology. Technical advances will soon lead to the same hollowing out of China's manufacturing industry that they have to U.S industry over the past two decades.