The latest report added to the extensive research report database of Market Research Reports Search Engine (MRRSE) on the industrial logistics robots market states that the market will expand at a healthy CAGR during the forecast period and will be worth US$30 billion by 2020. This report is titled “ Industrial Logistics Robots: Market Shares, Strategies, and Forecasts, Worldwide, 2014 to 2020”.
The main reason for offshore manufacturing is to reduce production costs for a manufacturer who is trying to make more profits by exploiting the comparative advantages that exist in other countries and which are not in his/her country.
If a job seeker conducts some job research of the manufacturing industry, he will find that U.S. manufacturing employers are seeking job candidates with skills in four areas:
Now then, on the official ”White House Blog” there was a posting back on June 24, 2011 by Erin Lindsay titled; ”President Obama Launches Advanced Manufacturing Partnership.” This appeared just after President Obama gave a speech at Carnegie Mellon University. Manufacturing and production are key to any advanced civilization, and we here in the US like to think we are the most advanced civilization of all.
First, when you raise the cost of labor for small entry level jobs, there will be fewer of them as businesses raise their prices and clientele evaporates, some businesses will close, fewer jobs. The businesses and business models that survive will absorb those costs with rate and price increases to customers – this results in inflation therefore your dollar will be worth a little less, how much is hard to say; 10%, maybe 20%, which is about how much the minimum wage increase would be from what it is now if it went up to let’s say $10.00.