US Industrial Production Costs Globally Low

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Among major global industrial nations, the US is projected to have significantly lower production costs than its competitors. According to the Boston Consulting Group study, the US is expected to have a cost advantage over manufactured good exports of 5% to 25%. In addition, the cost gap of producing $1 worth of goods between China and the US is expected to shrink from twelve to 7 cents.

–from The Financial Times 

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One Response to “US Industrial Production Costs Globally Low”

  1. tom paper Says:

    So it’s the costs of “other” that is things like materials (ie steel)?

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