Over 80% of U.S. Manufacturers' Investment
Takes Place Right Here in America?
Many individuals appear to believe that U.S. manufacturers are hurrying to shut factories in the United States in a "race to the bottom" to invest in low-wage countries.
But that is not what the facts show. The truth is that U.S. manufacturers invested about $170 billion in factories and equipment in the United States in 2005 (latest data) while their foreign direct investment outflows to the rest of the world were only $39 billion.
That means 82% was invested here in America. Moreover, this proportion hasn't really changed over the past decade.
And the vast bulk of foreign direct investment goes to high wage countries – 90% in fact. Fully 71% of U.S. manufacturers' foreign direct investment in 2005 went to high-wage Europe. What kind of a race to the bottom is that?
Moreover, Commerce Dept. data show that 90% of what U.S. multinationals produce overseas is consumed overseas – only 10% is shipped back to the United States.

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