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Tag: manufacturing

Factory workers 1956 (Three Lions / Hulton Archive / Getty)

U.S. Factory Construction Hits Highest Level Since 1958

Investment in new U.S. factory plant and equipment just hit the highest level since 1958. After 100 years of economic dominance due to cheap and abundant oil, U.S. politicians turned against domestic oil production in the 1970s and the Middle East oil production took off. For the next 40 years, the budget deficit and income inequality soared as high-paying manufacturing jobs went offshore. But with fracking re-establishing America as the planet’s largest energy producer, U.S. manufacturing is back.

C-17 (Kevork Djansezian / Getty)

Boeing Auctioning Long Beach Aircraft Factory Equipment

Over the last decade, California has lost half of the 35,000 Boeing employees who were working at very good jobs at very good wages. Despite labor troubles, there was always hope that another military spending cycle would eventually fill Boeing’s cavernous aircraft assembly plant in Long Beach. But the dream is about to expire, as Boeing starts auctioning off all the plant’s equipment.

Rick Santorum

Rick Santorum Launches Populist Presidential Campaign Outside Pittsburgh: ‘I Stand with You, the American Worker’

Former Pennsylvania Sen. Rick Santorum, who finished second place in the 2012 GOP presidential nominating contest, nailed his announcement speech here early on Wednesday evening—hammering ISIS, open borders advocates, the permanent political class in Washington, and the failures of both parties—all while real American workers stood by his side.

Texas Fed Graph

Oil Crash and Rain Drive Texas Manufacturing Downward

Despite rebounding oil prices, manufacturing in Texas in on a downward slide. A report from the Dallas Fed stated that manufacturing fell further than expected to reach the lowest level since June 2009. The heavy rains and flooding in Texas is also impacting Texas manufacturing.

AP PhotoNam Y. Huh

‘Reshoring’: Will U.S. Manufacturing Make a Comeback?

Call it “reshoring,” or “insourcing” if you prefer. By any name, a significant movement of manufacturing back to U.S. shores is exactly what our economy needs. Factory movement overseas has opened a hole in the American job market that nothing else can truly fill, a point stressed in blue-collar populist appeals from both political parties.