US jobs coming back to America from India and China
Sumit Barua
Jul. 15, 2012

It is operations management and cost effec tiveness that is creating the reverse outsourcing from Asia.

Lower energy costs in the US, largely due to discoveries of natural gas, and realization of unemployable excess talent in India are the root cause of reverse outsourcing wave for American business that will make India and China suffer the Great Asian Depression 2012-20.

As labor-cost advantages become insignificant caused by the narrowing of wage gap between Chinese/indian and US workers, American businesses are realizing the failed aspects of globalization.

The steady appreciation of the yuan has also diminished the currency-exchange advantage that made China a hugely successful exporter.

According to Washington Post, GE's Chairman and CEO Jeffrey Immelt has led the industrial conglomerate's reshoring initiative. One notable example has been the addition of more than 1,000 jobs to GE's "lean manufacturing" site for large household appliances in Louisville, Kentucky. The company said offshoring has ceased to provide the cost savings that once justified overseas production of refrigerators and washing machines that were subsequently shipped to the US. GE also received tax breaks of $17 million from the state and local governments to entice it to add the jobs in Louisville.

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