US president Barack Obama’s State of the Union speech made several mentions about boosting employment, and specifically about bringing jobs back from China. The “more than half” statistic appears to be a reference to an annual Boston Consulting Group study, most recently published in October, that found for two years running that 54% of the manufacturing executives surveyed were ” planning to ‘reshore’ or are considering it,” up from 37% of executives surveyed in 2012. The survey also found 16% of executives were actively shifting production back to the US in 2014, due to rising wages in China, up from 7% in 2012.
From Quartz.
