Apathy Curve: The BIG lie

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Monday, May 04, 2009

The BIG lie

Everyday you hear about all those jobs being shipped overseas. This article points out the fallacy of that information.

Worried about the U.S. manufacturing base moving factories to China, India and Mexico? Then consider this: “Between 2003 and 2007, U.S. manufacturing companies sent an average of $2 billion a year in direct investment to China and $1.9 billion to Mexico”; meanwhile, U.S. corporations were investing $165 billion per year in the USA. An additional $15 billion per year was being invested in manufacturing in the United States by foreign corporations during this time. These data show that while, yes, American companies were spreading their manufacturing wings overseas, they were investing more than 80 times as much here at home.

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