The Economics of "Buy American"
In a world driven by the bottom line, how American manufacturers โจare able to thrive
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Lesson Learned: American-made does not have to mean more expensive, at least for your business. Items with a high perceived value should allow you to pass the increased expense on to your client.
Labor Migration
A third influence on American manufacturers is the availability of skilled labor. For certain items, it seems the appropriate workforce simply doesn't exist stateside. In a recent New York Times Article, "How the U.S. Lost Out on iPhone Work," computer giant Apple, which reportedly uses over 700,000 contractor employees overseas, responded to the question as to why it didn't keep its manufacturing stateside. Quoted from the article, it states:
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Michael Cornnell
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