Industry Week reports on new analysis by The Boston Consulting Group (BCG) that predicts net labor costs for manufacturing in China and the United States to converge by around 2015. "All over China, wages are climbing at 15% to 20% a year because of the supply-and-demand imbalance for skilled labor," says Harold L. Sirkin, a BCG senior partner. "We expect net labor costs for manufacturing in China and the U.S. to converge by around 2015. As a result of the changing economics, you’re going to see a lot more products 'Made in the USA' in the next five years."
Read the full report at www.industryweek.com.