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Why it’s time to bring manufacturing back home to the U.S. — Thomas Roemer

From Forbes In the last decade, we’ve lost millions of manufacturing jobs to outsourcing. According to U.S. News and World Report, there are now 5.1 million fewer American manufacturing jobs than in 2001. The lure of low wages, tax advantages, and other cost savings has made for a seemingly straightforward calculus, and manufacturer after manufacturer, supported by intricate spreadsheets, has abandoned ship, until offshoring has become the emerging mantra of the new millennium. U.S. companies that still manufactured locally have slowly become outliers. Interestingly, this dynamic now seems to be changing, as we’re beginning to see more manufacturing in the U.S. Total output from American manufacturing relative to gross domestic product is back to pre-recession levels, with more than half a million new jobs. According to the Reshoring Initiative, 15% of this job growth results from reshoring alone. There are many reasons for this shift back to the U.S. More bang for the buck. The first has to do … Read More »The post Why it’s time to bring manufacturing back home to the U.S. — Thomas Roemer appeared first on MIT Sloan Experts.  Read the full post >

Brady, Patriots & NFL come out on top — Ben Shields

From USA TODAY It may seem unlikely today, but when all is said and done with Deflategate and Tom Brady returns to the field, the Patriots, the NFL and even Brady all stand to emerge as winners in business over the long-term. To be sure, the Deflategate crisis has been fraught with controversial questions. Was the “more probable than not” evidence cited in the Wells Report strong enough to convict Tom Brady? If so, what is a reasonable punishment?  How serious of an offense is deflating footballs? How should Brady’s cooperation (or alleged lack thereof) in the investigation, including the recent revelation of his destroyed cell phone, factor into the punishment and appeal process?  Fans and the media have been deliberating these and other issues with the same fervor as ranking the greatest quarterbacks of all-time (which, naturally, has been complicated by the allegations against Brady). But when you examine this controversy from a … Read More »The post Brady, Patriots & NFL come out on top — Ben Shields appeared first on MIT Sloan Experts.  Read the full post >






 

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