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Article: 'Made in USA' starts to make a return; Producer costs rise overseas.(PAGE ONE)
- Article from:
- The Washington Times (Washington, DC)
- Article date:
- July 28, 2008
CopyrightCOPYRIGHT 2008 The Washington Times LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Whitney Stewart, THE WASHINGTON TIMES
In the wake of a decades-long manufacturing exodus overseas, the climbing cost of outsourcing has some U.S. companies looking homeward.
The gap between the cost to produce goods in the United States or to produce them abroad has narrowed, thanks to a decrease in China's competitive advantage.
The Chinese yuan has appreciated 18 percent against the dollar in the past three years, making exports more expensive and less competitive. Chinese wages have more than doubled over the past five years, and the Chinese government has lowered or eliminated tax breaks on exports.
Meanwhile, oil prices ...