- Apr 17, 2010
It surprises many people, as listening to the media, you would think nothing is made in America anymore but after China, the US is the largest manufacturing country in the world.As for American Manufacturing many US companies failed to move with the times and they deserved to go out of business.
It was technology and automation that killed manufacturing jobs. China has a few advantages in that it has far, far cheaper labour costs and a lower corporate tax rate. The new tax law will make US corporate tax rates lower than that of China.