Is it possible that America’s new energy boom could bring factory jobs back from overseas? Absolutely is what I have found. When it comes to companies deciding to move more production to the U.S., “there’s definitely a trend in the making.”
I think something new is going on. It’s a sticker shock. “The price of natural gas has gone down — it’s the fracking boom. And an unexpected side effect of the fracking boom is a manufacturing renaissance.”
the U.S. has the potential to recapture significant production that has been farmed out to other countries in a globalized economy. I would argue that if you take the U.S. cost advantage in labor and energy, that the U.S. could end up capturing over $150 billion in annual exports from major manufacturing nations that are our competitors. Thanks natural gas.