Web Exclusive: Companies investing in "Made in America"

Web Exclusive

(CNN) - 'Made in America' is a phrase we could be hearing more these days.  A new study says a growing number of manufacturers are moving overseas production back home.

Electronics are typically made outside the U.S. The same goes with clothes and toys, but now, some production is coming home and that means jobs.

A new study from Boston Consulting Group says 54% of big businesses plan to move, or are thinking about moving, some production from China to America.  That's up from 37% last year. Some companies already have.  Google's Moto X phone is assembled in Texas.  GE moved some refrigerator production back to the U.S.  Apple has done the same with its Mac computer and others say it's on the agenda.

21% of companies surveyed have already moved production or are planning to in the next two years, that's double what we heard last year.

They're making the move because product quality is higher and it saves money to make the item in the same country where it's sold.  But the number one reason is labor costs.They're falling in the U.S and rising in China.

That levels out the playing field, but it means workers in the U.S. are making less money than in years past, accepting concessions on wages in an effort to preserve jobs.


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