There is no way manufacturing can save America

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A key tenet of President Obama’s export-led recovery strategy was that the return of manufacturing would lead to significant employment increase.  Intel, Caterpillar, Apple and Ford have all announced plans to bring production back to the US. This report however, argues that due to advances in technology, low salary caps and a lack of geographical distribution, manufacturing will not be sufficient to help restore lagging industrial regions or save unemployment rates.  In addition, Bloomberg reports that U.S production output has unexpectedly decreased after figures in late 2012 appeared to show the biggest two-month advance since 1984.