Call it "Onshoring" or "Reshoring", Call it Good for American Jobs

By
Real Estate Agent with Keller Williams Realty TN R.E. License 292369

Jobs coming back to USA shores can only be good news.  It doesn't seem to matter if homes are more affordable and rates are lower than ever.  With an uncertain economy and job scarcity not many are willing to buy.  But USA Today reports some encouraging news.  GE is moving the manufacturing of its energy-efficient water heater from China to the US.  While Ford announced it is bringing job from supplier pants back to these shores too.  Though we're only talking about 400 jobs (GE) and about 2000 (Ford), it could be a growing trend.

The bringing back of American jobs is called "Onshoring" or Reshoring", call it whatever you want, it will be welcome news for those in the job market.  

Among the reasons cited are frustration with the quality of the imports, the cost savings for the labor below expectations, theft of intellectual property and transportation costs.  If the trend continues as expected it may be a bit easier to find that Made in America label once again.  It may also mean that once again US manufacturing will be a major bolster for our economy.  For us in the housing industry it can only be good news.

 

 

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Rainmaker
179,435
The Brewer Group - Franklin TN Homes
Benchmark Realty

I think that this is great news for those of us in real estate with ties to manufacturing. If we all become more aware of buying quality instead of all that Wal-Mart junk, things will get better. ( this mess didn't start in 2008)

August 09, 2010 10:24 AM
Rainmaker
256,913
Franklin & Brentwood, TN Homes Mike Nastri - Rodney Kennedy
It matters to us as much as it matters to you.
Keller Williams Realty

We are still losing jobs Wallace but it is getting better not worse all the time, the bigger the ship the longer it takes to turn it around.  You are correct Michael, and as they say Rome wasn't built (rebuilt) in a day, a real fix will take some time.  I couldn't agree more Julie, but you know me I have always taken pride in America and American products and not simply flag waving, I put my money where my mouth is.

August 10, 2010 01:33 PM
Rainmaker
179,435
The Brewer Group - Franklin TN Homes
Benchmark Realty

Mike - Rome still isn't built. I personally like to purchase local products for local companies that build things in the usa.

August 13, 2010 01:08 PM
Rainmaker
164,559
Diane Osowiecki
Greater Nashville Real Estate
Diane O and Friends - Benchmark Realty

Mike,

Good blog.  We all need to buy local...from our food up to our autos.  Let's support our neighbors here in the US and by doing so reduce our carbon footprint.

August 14, 2010 06:08 PM
Rainmaker
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Franklin & Brentwood, TN Homes Mike Nastri - Rodney Kennedy
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Keller Williams Realty

Couldn't agree more Diane, though it isn't easy to find the "Made in America" label.

August 17, 2010 11:31 PM
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Rainmaker
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