Manufacturing in America
There has been so much noise about the loss of American manufacturing jobs to cheaper labor in Mexico, China and India. In the last couple of years, over 2 million jobs have been lost, many of which will not be coming back.
So is it the end of the manufacturing sector in America? Are we all going to be living in cubicles now, working in an office, staring at computer screens?
Well, the answer is not a straightforward yes, or no. It is both.

Manufacturing as we used to know it may be coming to an end in America for many parts of our commerce. Companies will continually try to maximize profits and make use of economies of scale in those places where they can establish themselves cheaper.

So, just what can America make? Plenty.
We will just have to accept the fact that the future will involve less mammoth facilities of the past that focused on making one thing a million times over. The future will focus on customized, sophisticated products with high tech and design being an integral part of the process.
The future in essence will be about a combination of innovation and customization, not generic solutions.
Companies that will survive will need to realize that their workers are their most important assets, not the huge machines they have in place. Manufacturers will survive at their rates of innovation, and not how well they can stop unions from forming, or how easy they can get government bail outs.

Thus, pricing power will be restored as companies can charge a premium for their highly innovative products. In essence, they will need to redefine what it means to be Made in America.