The CEO of a Minneapolis company told a conference of manufacturers in Bloomington that letting low-wage jobs drift overseas could be a trap. Patrick McHale of Graco Inc. says companies that provide low-skill jobs have incentive to develop more sophisticated work. McHale considers it a red flag that countries that've taken manufacturing jobs from the U.S. are now building middle classes.
Amid growing concerns about outsourcing, the Associated Press looked at what the presidential candidates have to say about the issue.
But Forbes last week reported a consulting firm's recent analysis is inspiring hope for the "reshoring" of millions of jobs from China. Big manufacturers including Lockheed Martin and General Electric have rolled out a plan to train military veterans to fill new jobs and hope other companies will join them.
Meanwhile, the National Association of Manufacturers on its page of interesting facts offers the reminder that the U.S. still makes more stuff than any other country.
Earlier this month Reuters looked at the issue and spoke with a manufacturer whose company is adding to its payroll: