Manufacturing and the Market System  May 30, 2012 • Businesses,
Demand, Supply, and Markets, Developing Economies, Economic
Debates, Economic History, Economic Thinkers, Environment,
International Trade and Finance, Labor, Macroeconomic
Measurement, Uncategorized • 83 Views    No Comments   One
furniture manufacturer decided it could make consumers happier
by moving back from China. Yes, it would mean paying a sander
$10 an hour instead of the Asian 63 cents an hour rate and
charging $700 for a crib instead of $400. But also, they could
emphasize the quality, safety, color variety and “green”
certification that new parents and grandparents (who help to
pay) look for in a crib.  Other manufacturers are returning to
the US because wages for certain less skilled manufacturing jobs
are falling. After it negotiated lower wages for new hires,GE
moved an electric water heater plant from Mexico to Louisville,
Kentucky. Elsewhere, workers are accepting $10 an hour instead
of the $15 to $18 that prevailed 5 or 6 years