The American Manufacturing Renaissance Is A Flop
As reported on Businessinsider.com by Sam Ro REUTERS / Brian Snyder Labor costs are rising overseas and energy costs are falling in America. These trends have everyone excited that an American manufacturing renaissance is at hand. Unfortunately, there is no good evidence to suggest this is happening. In fact, some data suggest the opposite is happening. “Evidence for a structural renaissance is scant so far,” writes Goldman Sachs’ Jan Hatzius. And even if we could bring manufacturing…