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View Full Version : U.S. Issues Manufacture export jobs set to surge? 5 million new jobs in 10 years.


BigRedChief
09-25-2012, 09:23 PM
You guys hear this? Is it true?


Manufactured exports are set to surge in the U.S. and the trend could add up to 5 million jobs by the end of the decade, according to new research from Boston Consulting Group (http://www.bcg.com/media/PressReleaseDetails.aspx?id=tcm:12-116389).

Thanks to plummeting energy costs (http://www.businessinsider.com/bcg-rising-us-exports-2012-9#), especially from natural gas, and increasingly competitive wages, the U.S. will have an export cost advantage of 5 to 25 percent over Italy, France, the U.K., Japan and even Germany, in a range of industries by around 2015.


Here's what the productivity-adjusted wage chart comparison looks like:
<table class="image-container" width="200"><tbody><tr><td>http://static1.businessinsider.com/image/5061d03cecad040222000019-526-585/wages.png
Boston Consulting Group
</td></tr></tbody></table> By the end of the decade, the U.S. could capture 2 to 4 percent of exports from major European countries and and 3 to 7 percent from Japan by the end of the current decade.


That's the equivalent of $90 billion in additional U.S. exports per year, according to BCG’s analysis (http://www.businessinsider.com/bcg-rising-us-exports-2012-9#).


“The export manufacturing sector has been the unsung hero of the U.S. economy for the past few years. But this is only the beginning,” said Harold L. Sirkin (http://www.bcg.com/expertise_impact/Capabilities/Operations/Outsourcing_BPO/ExpertInterview.aspx?interviewId=tcm:12-26117&personId=tcm:12-9814&pt=U2VuaW9yIFBhcnRuZXIgJiBNYW5hZ2luZyBEaXJlY3Rvcg==&practiceArea=Outsourcing%252fBPO), a BCG senior partner and coauthor of the research. “The U.S. is becoming one of the lowest-cost producers of the developed world, and companies in Europe and Japan are taking notice.”

Read more: http://www.businessinsider.com/bcg-rising-us-exports-2012-9#ixzz27XgwKHkg

LiveSteam
09-25-2012, 09:26 PM
10 years from now we will all be recovering from WWIII

Psyko Tek
09-25-2012, 09:29 PM
believe it when I see it
fuel costs will help
I have worked manufacturing semiconductor capital equipment
almost all my adult life
and I do not see that coming back to the wage levels I once enjoyed

jspchief
09-25-2012, 09:32 PM
5m new low wage jobs?

Hooray?

Chiefspants
09-25-2012, 10:40 PM
5m new low wage jobs?

Hooray?

Better than 5 million unemployed workers, maybe?

Dick Bull
09-25-2012, 11:09 PM
5m new low wage jobs?

Hooray?

5 million jobs *290 a week=1450000000 dollars into the economy

yeah that's chump change

Brainiac
09-26-2012, 06:09 AM
Well that tears it. I'm voting for Obama for sure now! :rolleyes:

Saulbadguy
09-26-2012, 06:14 AM
Hopefully they will all go to hard working illegal immigrants, rather than lazy unemployed American welfare leeches.

Otter
09-26-2012, 06:35 AM
This should make up for about 1/2 of Obama's amnesty (**cough, cough, 'immigration reform') next term if he wins. And I'll believe it when I see it.

El Jefe
09-26-2012, 07:18 AM
This should make up for about 1/2 of Obama's amnesty (**cough, cough, 'immigration reform') next term if he wins. And I'll believe it when I see it.

:clap:

KILLER_CLOWN
09-26-2012, 07:23 AM
lose 2 to gain 1, it's the new math bidges! Corp(ses) loves US.

Direckshun
09-26-2012, 07:56 AM
I'm not sure about the numbers, but I've been hearing that the gap has widened between the US and Europe, and that we're steadfastly gaining on China in manufacturing.

So, not sure if that translates to anything. But there it is.

FishingRod
09-26-2012, 09:38 AM
How will we compare to Vietnam, India, Mexico, China, Indonesia and I would expect a number of African countries in 10 years?

Brock
09-26-2012, 09:40 AM
How will we compare to Vietnam, India, Mexico, China, Indonesia and I would expect a number of African countries in 10 years?

Oh, we'll be paid about the same I would guess.

KC native
09-26-2012, 09:44 AM
I'm not sure about the numbers, but I've been hearing that the gap has widened between the US and Europe, and that we're steadfastly gaining on China in manufacturing.

So, not sure if that translates to anything. But there it is.

We're taking back manufacturing from China due to wage increases there which makes the high shrinkage(theft, shitty standards, intellectual property theft) not worth it to manufacturers.

BigCatDaddy
09-26-2012, 03:25 PM
We're taking back manufacturing from China due to wage increases there which makes the high shrinkage(theft, shitty standards, intellectual property theft) not worth it to manufacturers..

CoMoChief
09-26-2012, 04:44 PM
Duh.....their economies have completely collapsed over there.

Not as bad over here.......yet. Wait til other countries start shying away from our dollar as the reserve currency....then we're fucked.

BigRedChief
09-26-2012, 04:45 PM
Well that tears it. I'm voting for Obama for sure now! :rolleyes:I dont think Obama gets credit for this.

alpha_omega
09-26-2012, 05:22 PM
Are energy costs really plummeting?

KC native
09-26-2012, 09:14 PM
Duh.....their economies have completely collapsed over there.

Not as bad over here.......yet. Wait til other countries start shying away from our dollar as the reserve currency....then we're fucked.

And what exactly are they going to use? The euro? ROFL the yuan? ROFL