Unexpected

Display in Roozengaarde, Mount Vernon Washington.

I still follow the happenings in the economy but thought I would give writing about it a rest until I had something positive to say. It has been a long while, but I read something this week that is encouraging.

It seems that some manufacturers are coming back to North America where ..... are you ready for it, the cost of producing goods is lower. Apparently China, who stole most of our manufacturing jobs with cheap labour and overhead are heading down the same road we did a few years ago as a result of their booming economy. The wages have gone up dramatically and it is difficult finding people to do the mundane grunt work when they have the choice to assemble iPhones. Housing and food are through the roof and some say that it is cheaper to live in the USA now than in China. 

When you factor in transportation costs of produced goods, it is looking more and more attractive to keep those jobs in the USA and Canada. This may be the beginning of a turnaround.