What a difference a year has made to the auto industry.
A survey of some 200 auto industry executives by Booz & Co. finds that 94% of the auto maker executives and 92% of automotive-technology-supplier executives are bullish, saying the sector is somewhat better off or much better off than last year.
...Significant majorities of supplier and auto-company executives — 86% and 72% respectively, — said they expect the Detroit Three auto makers to hold or gain market share next year. Those beliefs that could translate to increased production and hiring in North America.
At the same time, industry executives voted Hyundai/Kia and Volkswagen AG as most likely to increase their market shares over the next five years. More than half the executives surveyed said they expect Chinese auto makers will achieve a 4% share of the U.S. market by 2020...
(Link: http://blogs.wsj.com/economics/2012/05/22/auto-industry-rebound-fires-animal-spirits)
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UPDATE:
Flat U.S. Wages Help Fuel Rebound in Manufacturing
The celebrated revival of U.S. manufacturing employment has been accompanied by a less-lauded fact: Wages for many manufacturing workers aren't keeping up with inflation.
The wage lag is a key factor contributing to the rebounding competitiveness of U.S. industry. A recent uptick in factory employment and the return of some production to U.S. shores from abroad both added jobs that probably otherwise wouldn't exist. But sluggish wages also are squeezing workers' incomes and spending. That, in turn, hurts retailers who target middle-income earners and restrains the vigor of the economic recovery....
Manufacturing wage trends:
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Link: http://online.wsj.com/article/SB10001424052702304065704577421960042778548.html
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