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Reshoring by US Firms
Report

Reshoring by US Firms

What Do the Data Say?

Lindsay Oldenski
Peterson Institute for International Economics, 2015
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Editorial Rating

8

Qualities

  • Analytical
  • Eye Opening

Recommendation

Hooray for reshoring, the process by which the United States will reclaim its rightful place as the world’s manufacturing hub. That’s the popular notion, anyway. But economist Lindsay Oldenski throws cold water on the idea that factory jobs are coming back to America in any meaningful way. In her persuasive, peer-reviewed study, Oldenski argues that the ripples of reshoring are insufficient to reverse the tsunami of offshoring. getAbstract recommends this astute report to global business managers and politicians who need a reality check on a feel-good story.

Take-Aways

  • In 2014, incidents of reshoring – or a return of manufacturing jobs to the United States – rose to 300, up from only 16 in 2010.
  • But that figure is miniscule compared to the 25,000 overseas operations of US corporations that employ some 36 million workers. For every example of reshoring, many more examples of offshoring abound.
  • The share of manufacturing jobs as part of the overall US labor market has declined each year since 1976. Technology, not offshoring, is the main culprit behind the drop.

About the Author

Lindsay Oldenski is a senior fellow at the Peterson Institute for International Economics and an associate professor of international economics at Georgetown University.

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