Hooray for reshoring, the process by which the United States will reclaim its rightful place as the world’s manufacturing hub. That’s the popular notion, anyway. But economist Lindsay Oldenski throws cold water on the idea that factory jobs are coming back to America in any meaningful way. In her persuasive, peer-reviewed study, Oldenski argues that the ripples of reshoring are insufficient to reverse the tsunami of offshoring. getAbstract recommends this astute report to global business managers and politicians who need a reality check on a feel-good story.
In this summary, you will learn
- Why the rise of reshoring is a myth,
- Why factory jobs won’t return to the United States en masse and
- Why that isn’t all bad.
About the Author
Lindsay Oldenski is a senior fellow at the Peterson Institute for International Economics and an associate professor of international economics at Georgetown University.