What companies are in the American Oil Pension?

International Trade: Will rising wages in Asia coupled with rising transportation costs due to increasing oil prices encourage more American companies to make their products domestically?

• Chinese labor used to be cheap, but average manufacturing wages there have doubled in the past decade. It's also on the other side of the planet; it must cost companies a king's ransom to manufacture goods in Asia, and then ship them across the Pacific. It seems like there are more benefits to domestic production of goods than just the savings obtained from outsourcing, which seem to be vanishing. Any thoughts?

• Answer:

  Shipping goods to the US would add approximately 10-20% to the price while factory wages in China are well below 10-20% cheaper than labor rates in the US so I believe outsourcing will continue for quite a while. Other countries with even cheaper labor than China may pick up more of the manufacturing as time goes on.