Fighting flight of jobs overseas
Raymond W. Fogarty, director of Bryant's Chafee Center for International Business, tells the Providence Business News that American jobs once shipped overseas are now returning to Rhode Island because local companies are now able to better compete with their foreign counterparts with improved, cheaper products.
“They are not winning their contracts by waving a flag and saying, ‘Buy in the USA,’ they are winning based on the price, competitiveness and quality control of our products,” Fogarty said. American costs have flattened while its productivity continues to skyrocket; there is a brighter future for job growth in manufacturing, he said.
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