Monday, March 26, 2012

More signs the economy is improving

According to a new report by The Boston Consulting Group (BCG), improved U.S. competitiveness and rising costs in China will put the United States in a strong position by around 2015 to eventually add 2 million to 3 million jobs and an estimated $100bn in annual output in a range of industries. The study explained how 15 to 20 percent annual increases in Chinese wages and other factors were rapidly eroding China's manufacturing cost advantage over the U.S.
Seeing this study gives me more confidence for the U.S. and our future. The trend is still in its early stages, so it’s not exactly a crystal ball seeing the future, but nonetheless intriguing. It predicts that production of 10 to 30 percent of U.S. imports from China, which in 2010 accounted for nearly $200bn worth of products, could move to the U.S.
Definitely worth the read -

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