Republican presidential candidate Mitt Romney told a crowd in Defiance, Ohio, on Thursday that Chrysler was considering moving "all production" of its iconic Jeep lineup to China. There's just one problem: It's not true.
In another example of how Mitt Romney's Bain Capital creates jobs, we learn that Bain has for months been dismantling and shipping to China a Freeport, Ill., car parts plant -- and requiring the soon to be laid-off U.S. workers to personally train their Chinese replacements.
As consumers, we welcome Walmart's low prices. But they're doing the U.S. more harm than good. A new research report has found that low prices have actually caused unemployment to rise, and dealt a massive blow to the manufacturing sector.
Last Friday, Starbucks announced it will build a new factory in Georgia -- and it's hardly the only big company moving manufacturing back to the U.S. Call it insourcing, reshoring or whatever you like, but bringing jobs home is starting to look like a trend.
On the verge of bankruptcy last fall, the American Mug and Stein Company got a new lease on life, courtesy of Starbucks. In part, it's Starbucks CEO Howard Schultz trying to support U.S. employers. But he's getting a lift from the simple economics of labor.
Would you trust a stranger to keep your financial secrets? That's exactly what customers do every time they call a bank and talk with a customer service rep. But how much oversight can a bank really have when those reps are in another country?
Foxconn, the Chinese manufacturer that probably assembled your new iPad, is on the hot seat again this week, reviving discussions about evils of offshoring. But if you think money is the only reason why Apple doesn't make its gadgets closer to home, you're missing the bigger picture.
I recently penned a column pointing out that when America "lost" the TV manufacturing industry to Japan, it wasn't necessarily a bad thing, because the business has become a low-margin money loser. A lot of readers disagreed.
Walmart's conquest of of America embodies a decades-long drive toward the lowest common denominator, off-shoring jobs, maximizing profits and reducing quality. But is it a trend we can reverse? Deep in the heart of Ohio, a new store aims to try.
It's no secret that many middle-class families are in a financial bind, caught between rising costs and falling incomes. But according to recent government reports, the middle-class squeeze is not a recent development, and isn't likely to disappear anytime soon.
How many problems with the U.S. economy would be solved if more people bought American, and if more companies would were willing to help them do so by manufacturing here? Joel Joseph of the Made in the USA Foundation thinks it would help plenty, and he's honoring those that have taken the lead.
You can't call layoffs downsizing anymore, and offshoring sounds just as bad to workers as "shipping your jobs to Asia." What to do? Come up with better buzzwords, of course. And who could object to something so "right" as rightsizing or rightshoring?
As the unemployment rate remains sky high, it's not hard to see why the issue of overseas has become a hot topic on both sides of the aisle. But overseas outsourcing keeps growing worse, not better, with some business consultants predicting that a huge increase is on the way.
CNBC's Larry Kudlow blogged Tuesday that the a GOP win in November's elections would create an explosion of U.S. job creation. One of his guests that day on The Kudlow Report was DailyFinance's Peter Cohan, who breaks down precisely why that rhetoric doesn't match reality.
Intel co-founder Andy Grove wants to induce U.S. firms to rebuild the nation's manufacturing base and boost our employment. So, he proposes a tax on companies that send jobs offshore. It's an intriguing idea, but it needs lots of work.