The U.S. is headed for an industrial revival, a new Boston Consulting Group report says, driven...

The U.S. is headed for an industrial revival, a new Boston Consulting Group report says, driven by lower energy costs, higher labor expenses in competitors such as China and the potential to use idle U.S. port capacity for pushing up exports. "As a result, the U.S. has the potential to increase goods exports by up to $130B by 2020, [and] add 5M jobs to the U.S. economy."
Comments (15)
  • Lint
    , contributor
    Comments (385) | Send Message
    21 Sep 2012, 10:32 AM Reply Like
  • surfnspy
    , contributor
    Comments (406) | Send Message
    The US has the potential for anything however, I'm not feeling this one.
    21 Sep 2012, 10:36 AM Reply Like
  • timetosave
    , contributor
    Comments (36) | Send Message
    Who do they expect to purchase and consume these exports?
    21 Sep 2012, 10:37 AM Reply Like
  • Tony Petroski
    , contributor
    Comments (6356) | Send Message
    Mr. Lint. It ain't hogwash but it ain't because of "lower energy costs."


    "You may have danced with the wolves but have you ever faced one down?"
    Yogi Eastwood
    21 Sep 2012, 10:37 AM Reply Like
  • Big Bad Bulls
    , contributor
    Comments (217) | Send Message
    Actually, much of it would be directly tied to lower energy costs. Other countries in Asia and Europe pay anywhere from 3 to 6 times what we are paying for natural gas. Nat gas is a significant cost to many industries, electricity and chemicals just to name a couple.


    Just like health care costs are constantly being passed along thru all of industry, these reductions in costs would be passed on as well. If we were really wise, we would start using our nat gas for transportation needs as well and build up the appropriate infrastructure. Now that would be some jobs.
    21 Sep 2012, 11:44 AM Reply Like
  • untrusting investor
    , contributor
    Comments (9904) | Send Message
    Sounds like the author needs to put his money where his mouth is and start heavily investing in his export boom thesis. We will pass on that one though.
    21 Sep 2012, 10:40 AM Reply Like
  • bbro
    , contributor
    Comments (10935) | Send Message
    As the postponable purchases to GDP ratio grows... the job growth will
    21 Sep 2012, 10:42 AM Reply Like
  • Tony Petroski
    , contributor
    Comments (6356) | Send Message
    Mr. bro. God bless you, you keep me going.


    This from our friend:


    "As the postponable purchases to GDP ratio grows... the job growth will follow..."


    (Mr. bro is quoting from an unnamed source)


    "I set out to create a product, and I found I was the source of wealth for the community."


    Yogi Ford


    "I saw wealth, and I redistributed it."


    George Obama (smacking a rat choomin' for his cheese)
    21 Sep 2012, 11:13 AM Reply Like
  • Tommy_Finger
    , contributor
    Comments (316) | Send Message
    I can finally get a job... eight years from now. Whoppee!
    21 Sep 2012, 10:43 AM Reply Like
  • Windsun33
    , contributor
    Comments (4419) | Send Message
    Hmmm... HIghest corporate taxes in the world, and $16 trillion in debt. I am just not seeing that scenario.
    21 Sep 2012, 10:46 AM Reply Like
  • The_Hammer
    , contributor
    Comments (4817) | Send Message
    Industrial renaissance coming. Lower labor costs, less unions, higher transportation costs and abundant nat gas seeds for a booming industrial base.
    We need industrial jobs that produce in demand energy efficient products that we can export not more Fn money losing houses. Remove these bloated housing subsidies and pass along tax breaks to expand plants and tech innovation. This activity will grow employment.
    I would be quite optimstic if the fed would raise rates to 2% and stop buying back TOXIC mtg debts to bail out the cesspool banksters and parasitic politicians would do something for the country like reducing entitlements and downsizing govt. Unfortunately the likelihood of this happening is unlikely with these parasites in charge.
    21 Sep 2012, 11:08 AM Reply Like
  • kmi
    , contributor
    Comments (4527) | Send Message
    Two other things:


    The recession has reduced employee salaries also helping US based labor be more competitive as wage inflation hits in places like China;


    US is politically stable in a way few of the popular places to get cheap labor are.
    21 Sep 2012, 11:28 AM Reply Like
  • Windsun33
    , contributor
    Comments (4419) | Send Message
    "Politically stable" = total gridlock :)
    21 Sep 2012, 12:15 PM Reply Like
  • Poor Texan
    , contributor
    Comments (3527) | Send Message
    Hopefully our workers have not been out of work so long they have lost their employment skills.
    21 Sep 2012, 11:39 AM Reply Like
  • Swass
    , contributor
    Comments (419) | Send Message
    I don't doubt we are going to go through an industrial revival, but this isn't going to happen until the economy is allowed to rebalance and not have government and central banks trying to prevent it. Until that happens, no such luck.
    21 Sep 2012, 12:45 PM Reply Like
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