Resurgence of American manufacturing

by Ryan Streeter on March 11, 2013. Follow Ryan on Twitter.

This excerpt from a recent Caroline Baum article caught my attention:

A record 28 percent of manufacturing shipments went overseas in 2012 — and a record 58 percent to emerging markets — compared with 18 percent in 2000. Profit margins in manufacturing industries are well above average, as technological innovation enables companies to substitute capital for labor. Still, manufacturing industries have been adding jobs since March 2010