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Good article from 538. You can file this one under any number of 21 century memes but robots ate my job seems to fit. Shipping manufacturing to China was just a stop along the road to automation. As manufacturing is "reshoring", only about 25% of the jobs are coming back. Manufacturing up 20% in the US, manufacturing jobs up 5%. There's more here like this tidbit: Jobs are going away in North Dakota but unemployment isn't really falling because 90% of the unemployed leave. Sorry North Dakota, no surprise there.
"...in recent years, factories have been coming back, but the jobs haven’t. Because of rising wages in China, the need for shorter supply chains and other factors, a small but growing group of companies are shifting production back to the U.S. But the factories they build here are heavily automated, employing a small fraction of the workers they would have a generation ago."
The rest of the story is here:
http://fivethirtyeight.com/features/...r-coming-back/
And another link: Standard Textile opened a plant in Georgia and South Carolina. Manufacturing that would have taken 1,000 people now takes 200. Marriott just moved their $50MM bathroom towel account back to the US. According to Bill Marriott the cost is the same as it was in Jordan.
https://www.washingtonpost.com/busin...stbusinessonly
"...in recent years, factories have been coming back, but the jobs haven’t. Because of rising wages in China, the need for shorter supply chains and other factors, a small but growing group of companies are shifting production back to the U.S. But the factories they build here are heavily automated, employing a small fraction of the workers they would have a generation ago."
The rest of the story is here:
http://fivethirtyeight.com/features/...r-coming-back/
And another link: Standard Textile opened a plant in Georgia and South Carolina. Manufacturing that would have taken 1,000 people now takes 200. Marriott just moved their $50MM bathroom towel account back to the US. According to Bill Marriott the cost is the same as it was in Jordan.
https://www.washingtonpost.com/busin...stbusinessonly