With labor and energy costs lower, foreign manufacturers are building plants in the US and hiring.
British based Rolls-Royce is making parts in A and shipping them to jet engine factories in Europe and Asia. Germany-based Siemens is now making power-plant turbines in N.C. shipping them; mostly to Saudi Arabia and Mexico.
Why the sudden love for the US by foreign manufacturing companies. Many want to be closer to the US as the worlds No. 1 market, increasing U.S. assets of low energy costs, and the dependability of domestic power, higher productive workers and the cheap dollar.
Ant its not just the foreign market that is coming to the U.S., since 2010 more than 200 companies, mostly U.S. based have brought back production to the states, creating about 50,000 jobs.
Jumping forward, by 2020, on shoring is expected to generate a few million U.S. manufacturing jobs, including hundreds of thousands at foreign companies.
Interesting, foreign manufacturers pay U.S. employees 14 percent more than the industry average, which may for the first time in decades force others to increase their minimum wage to keep their workers instead of holding them hostage now because their is no where else to go.
Maybe the winds of fortune are blowing with us now instead of in our faces.