GE (General Electric), a global manufacturer whose products range from appliances to aviation, has recently made efforts to balance out investments in U.S. and Asian factories. With the high unemployment rate in the U.S., manufacturing GE products here provides the benefit of reduced labor costs. In order to provide jobs in the U.S. and take advantage of the lower compensation, GE recently decided to manufacture a new hybrid electric water heater in Louisville, KY. U.S. Manufacturing Gains Jobs as Wages Retreat
The main page of GE’s official website displays slogans such as “GE works by providing jobs for thousands of Americans” along with supportive data such as the number of jobs added in the last year to show that they care about investing in the American people and don’t completely outsource to countries on the periphery. http://www.ge.com/
While GE remains aware of the need for employment in the U.S. and builds more factories here, the company also continues investing overseas in China due to the growing jet-engine market and relatively cheap production costs. The number of employees and factories in the U.S. versus overseas almost equal one another: 133,000 employees in the U.S. vs 154,000 overseas and 219 factories in the U.S. vs 230 factories overseas (Uchitelle). Furthermore, as a global company, GE strives to maintain an international presence along with their local presence in the U.S. In the following interview, ASEAN Head Stuart Dean speaks on GE’s growing presence and continuing investment in Southeast Asia.