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Reverse Globalization: Higher Oil Prices Are Starting To Bring Jobs HomeFrom ABC News: The rise in transportation costs are fueling what some economists are calling "reverse globalization." For instance, DESA, a company that makes heaters to keep football players warm, is moving all its production back to Kentucky after years of having them made in China. "Cheap labor in China doesn't help you when you gotta pay so much to bring the goods over," says economist Jeff Rubin. Some local manufacturers have suddenly found themselves in the thick of boom times. Read the full article: |
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