Bloomberg (March 17)
2016/ 03/ 18 by jd in Global News
“Even with the dollar’s rally since 2014, U.S. manufacturing is benefiting from the world’s strongest rate of productivity, a flexible labor market, cheap energy and from having a big domestic market.” The lingering belief that it’s radically cheaper to move production to China is a misconception. “Labor costs adjusted for productivity in China are only 4 percent cheaper than in the U.S.”
Tags: China, Dollar, Energy, Flexible, Labor market, Manufacturing, Productivity, Rally, U.S.
