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It's a familiar story: A manufacturing company finds its wages too high, looks for ways to cut costs and ends up moving production overseas where the pastures are greener. It happened when some American jobs were outsourced to China. Now it's happening again -- with Chinese jobs fleeing to America.
This trend, known as "reshoring," has created some 10,000 positions in the United States in the past two years. It's driven partly -- believe it or not -- by the rising cost of Chinese labor. And it's only going to expand.
India has the same problem as China. Once the world capital of...
What Politicians Don't Know About Outsourcing