The Atlantic released this fantastic article about reshoring manufacturing back into the United States.
The article focuses mainly on the dichotomy of Chinese and American manufacturing and how global and domestic economic, cultural and technological changes are bringing manufacturers back to the United States for a variety of reasons.
The first half of the article is about the changing trends in Chinese manufacturing. Wages are rising because high turnover is making their manufacturing costs higher and output less reliable, but also because there is a very Henry Ford-like version of "Benefactor Capitalism" taking place. Just as the famous Gilded Age Entrepreneur started paying a $5 living wage to deal with his own turnover, he also wanted to expand the market for his own product. In the very same mold do Chinese manufacturers like Foxconn see growth in the expansion of domestic markets, even if it negatively effects exports.
As imports from China are less attractive due to price, they were already even less attractive due to the greatly increased lead times of communicating concepts, developing products and supply chains, and shipping finished goods back home. Couple this with quality and intellectual property risks often recounted in manufacturing horror stories and the costs of moving production overseas are starting to outweigh the benefits.
The other half of the article talks about how American manufacturers are seeing how technological advances, decreased time to market, increased agility, and growing consumer receptiveness to domestic (read: Made in USA) products is adding value to their businesses at home.
Domestic manufacturing has taken a depressing turn over the past three decades, but this article makes a clear case based on global trends that we have bottomed out and have nowhere to go but up.