(MCMINNVILLE, Tenn.) -- China's loss is turning into America's gain. More manufacturing jobs are coming back to the U.S., as profit margins narrow, for overseas work.
More and more U.S. manufacturers, who outsourced work overseas, during the past decade, are bringing jobs back, from Asia. China's overheated economy is losing its competitive edge, as workers there demand and receive higher wages.
Just four years ago, Pro Charging Systems had components for its battery chargers made in China. Now the company is using a small plastics manufacturer in Tennessee to make covers for its charges. The move turns out to be cheaper in making and assembling the chargers.
The CEO of Pine Hill Plastics, in McMinnville, Tennessee, says it's a trend he can live with.
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