Made in USA comeback to bring 2-3M jobs. Consulting group predicts tipping point in China

BOSTON, Mass. (WWLP) – An analysis by a Massachusetts consulting group finds that the U.S. could gain millions of jobs as profitability overseas reaches a tipping point.Research from the Boston Consulting Group says that by 2015, rising currency and labor costs in China will make US manufacturing costs more competitive. They predict US companies will likely return to America, bringing 2 to 3 million jobs with them. Chairman Joe Wagner (D-Chicopee) of the Legislature’s economic development committee says lawmakers and executive leaders are looking into the report. [ Read More ]