The press release from the Boston Consulting Group signaled the beginning of the American renaissance in manufacturing as cost advantages of China are fading rapidly and companies are beginning to repatriate their jobs back home. There are seven industrial sectors that could create two to three million jobs over the next five years as American manufacturers do the new math. As explained by Harold Sirkin, one of the three authors of Made in American, Again: "A surprising amount of work that rushed to China over the past decade could soon start to come back — and the economic impact could be significant. We’re on record predicting a U.S. manufacturing renaissance starting by around 2015."
As talk of another possible extension of unemployment benefits is making its way through Washington, the New York Times recently covered a story on Dan Tolleson (left), a writer with a Ph.D. in politics who has only been able to find short-term work since July of 2009. What fascinated the Times, and likely a number of readers, was the notion that though Tolleson has been unemployed for a lengthy period of time, he stands opposed to an extension of unemployment benefits.
Republican presidential hopeful Herman Cain’s popularity in numerous polls is increasing daily, and while the former CEO of Godfather’s Pizza may portray himself as a principled conservative, an analysis of his campaign positions, especially his most controversial flat tax proposal, reveals serious concerns with Cain’s commitment to fiscal conservatism.
Now that the Senate has officially and resoundingly defeated President Obama’s jobs bill (The American Jobs Act), the question remains: just how do real jobs grow?
Matt Welch, writing in the November issue of Reason magazine, reminds his readers of what doesn’t work: government promotion of ideology. The Solyndra debacle is the most recent but not the only example. In May 2010 the President gushed over the positive impact Solyndra was having in growing jobs in the “green” sector: