The Shrinking Wage Gap and What it Means for American Manufacturing

macro of us quartersReading through industrial news headlines, it’s impossible to miss the reshoring movement taking hold in manufacturing. Thanks in large part to globalization, workers around the world are seeing higher wages and better benefits. This is leading to a shrinking wage gap between the United States and other countries where jobs are commonly outsourced. And when the paychecks start balancing out, the cost of shipping materials and products across borders becomes much more apparent. Rather than continue to operate this way, more and more companies are taking out the middle man and choosing American manufacturing plants and contractors.

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