American manufacturing companies have faced an onslaught of competition over the last few decades. The primary competitor has been in the form of offshoring to low labor rate countries, like China and other Asian countries where the labor force was happy to accept much lower wage rates than US workers. Over the last few years though, the dynamic of competition seems to be changing. China’s average wages for manufacturing jobs have more than doubled over the last few years (https://tradingeconomics.com/china/wages-in-manufacturing). India’s average wages have also shown signs of increasing over the last decade (https://tradingeconomics.com/india/wages). The social impact for these countries will be largely positive as a new middle class begins to emerge over time.