Offshoring has, quite simply, gutted the American middle class. But it took more than the presence of several hundred million unemployed Chinese to make offshoring feasible. Some are technological, some are cultural.
LOUISVILLE, KY—Approximately 5,000 people attended the open house at GE’s Appliance Park to celebrate the creation of 1,000 jobs and the opening of two new assembly lines.
MEMPHIS, TN—Construction of the new Electrolux appliance factory in Memphis is on schedule, the company’s top U.S. executive said Friday. The first assembly line will start rolling by the end of the first quarter of 2013, and full production will ramp up by the end of 2014.
NuStep Inc. is not a big company. Based in Ann Arbor, MI, the exercise equipment manufacturer employs 80 people and tallied $24 million in sales in 2010.