Boston Consulting Group has published findings that indicate the US manufacturing sector is only marginally more expensive than in China

Boston Consulting Group has published findings that indicate the US manufacturing sector is only marginally more expensive than in China. This positions the US in a strong competitive position against both Europe and Japan as signs of a recovery in the US gain momentum. The rapid rise of the unconventional energy markets has driven costs down and coupled with a large and flexible labour force the US is well placed to benefit from export markets in Europe and Japan. The net benefit identified by BCG is potentially between $25 - $72 billion in exports and up to 1.2 million manufacturing jobs. (VIEW LINK)