From my view here in the Café I can see lots of shuttered businesses . . .not a pretty sight. For some time the trend in US manufacturing has been to outsource production jobs to foreign countries. The goal of course is the pursuit of lower production costs . . . usually in the form of low wages to the workers. Countless jobs in the US have been lost to this outsourcing . . .but the tide may have turned and the jobs may be coming back. A recent spot on MSNBC highlighted the story of a furniture manufacturer down south that had outsourced production to China only to find that rising costs over there made production in the US no longer as unattractive. The result . . .move the production back to the US.
As costs rise around the world with the global economy, US managers are going to have to think twice before outsourcing . . . and perhaps rethink their current strategy and bring the jobs back to the US. That reflection and rethinking process starts with a good education . . . one that Excelsior College offers through our MBA program. Check out the MSNBC story and video.
Jane ~ from the Café