Wednesday, July 31, 2013

Made In the U.S.A.-- Part 2

Some other interesting facts from the article: Two things helping U.S. industry: The average hourly wage of Chinese factory workers in 2000 was fifty cents. In 2015 it will be $4.50. In 2009, the cost to ship a 40-foot container from China to the U.S. West Coast was $1,184. Now, it is $2,302. THEN AND NOW THEN: workers built the product MANUALLY on assembly line. Earned average HOURLY WAGE of $2.57 in 1960; TODAY it is $24.11. TOP INDUSTRIES included Cars, appliances and textiles. NOW: Workers manage an automated factory line. Some 53% have at least some college edu and nearly 1 in 10 has a graduate or professional degree. TOP THREE INDUSTRIES: food, chemicalls and complex machinery. Interesting Facts. --Cooter cation

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