Yesterday I blogged about the huge glowing area in North Dakota that is experiencing a shale oil boom thanks to hydraulic fracturing (fracking). This morning I tweeted about new legislation passed to make Michigan a right-to-work state. And for the past few days I’ve been reading enthusiastic news that Apple is resuming manufacturing in the United States.
What do these things all have in common? Well… the always insightful Jason Kottke has the answer.
We’re witnessing an interesting cycle in the US economy right now. Changes in China in recent years have presented new challenges to its burgeoning manufacturing base; meanwhile here in the US the combination of Great Recession-related unemployment, the GOP’s 30-year experiment in rolling back labor rights, and (as Kottke notes) the artificially low price of natural gas here due to the fracking boom, have suddenly made the United States a much more desirable place for manufacturing. But will it last, and at what cost?