Fracking Spurs Rust Belt Revival

[Frodo]

Fracking Spurs a Rust Belt Rebound in Manufacturing

By NELSON D. SCHWARTZ
SEPT. 8, 2014

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[Bandit3 the Worker]

Total B.S.

[Bandit3 the Worker]

If we want to revive the Rust Belt, we need to repeal "right-to-work" laws and ban offshoring.

[Snowstalker Mk. II]

Manufacturing is coming back because American labor is so much cheaper now.

[Brittain33]

Manufacturing is coming back because American labor is so much cheaper now.

Partly that, partly that transportation has gotten more expensive, the time cost of transportation has risen, and labor in China has gotten more expensive.

[Clarko95 📚💰📈]

If we want to revive the Rust Belt, we need to repeal "right-to-work" laws and ban offshoring.

This would help as well, but it's also important that the cost of production in areas should fall as inputs (here, energy) become cheaper. You can't deny that the energy boom is also helping manufacturing and giving people good middle- and high-paying jobs.

[○∙◄☻¥tπ[╪AV┼cVê└]

Manufacturing is coming back because American labor is so much cheaper now.

It sounds crazy, but some manufacturing is offshored to Singapore, which has 64% higher cost of living than Detroit.

http://www.expatistan.com/cost-of-living/comparison/detroit/singapore?

[Bandit3 the Worker]

Manufacturing is coming back because American labor is so much cheaper now.

It sounds crazy, but some manufacturing is offshored to Singapore, which has 64% higher cost of living than Detroit.

http://www.expatistan.com/cost-of-living/comparison/detroit/singapore?

Nice to know they offshore American jobs to one of the worst dictatorships in the world.

[ag]

Manufacturing is coming back because American labor is so much cheaper now.

It sounds crazy, but some manufacturing is offshored to Singapore, which has 64% higher cost of living than Detroit.

http://www.expatistan.com/cost-of-living/comparison/detroit/singapore?

If you are an expat. In the Socialist Republic of Singapore you get subsidized housing - and a lot more - if you are a native.  And you do not have to be paid much if you are a migrant worker (not to be confused with an expat). It is not a free market paradise it is rumored to be - if anything, it is a planned economy. But the government sure takes care of business.