Manufacturing—Coming Home to Roost?
AH, MANUFACTURING . . .
Those who have read my first book, heard me speak, or read my blog know how I feel about the U.S. manufacturing sector. My premise has long been that America’s downtrodden manufacturing sector will recover and grow again due to the maturing of the country’s largest and smartest generation ever, combined with a decline in China’s labor force resulting from the country’s decades-long “one-child” policy.
Eight years ago I wrote: “Yes, manufacturing will return to the U.S.—starting now, and its growth will accelerate over the next 10 years!” I posited that the offshoring of manufacturing that accelerated in the 1980s was partly a result of the small size of the native-born Generation ...