Marketplace®

Daily business news and economic stories

Gap narrows for manufacturing costs

It still costs more to make things in the U.S. than overseas. But the U.S. manufacturing sector has kept a lid on some things better than its foreign counterparts, like employee health care. Jeff Tyler reports.

Download

TEXT OF STORY

Scott Jagow: It still costs more to make things in the U.S. than overseas. But a study out today says the gap is narrowing. Marketplace’s Jeff Tyler has more.


Jeff Tyler: The National Association of Manufacturers studied the cost of doing business in the U.S. compared to nine other countries. It shows that the U.S. manufacturing sector has kept a lid on employee benefits and health care costs more successfully than foreign competitors.

Emily DeRocco is president of The Manufacturing Institute, one of the reports sponsors. She says other costs continue to put U.S. manufacturers at a disadvantage.

Emily DeRocco: We are paying the second-highest corporate tax rate in the world.

That would be about 39 percent.

DeRocco: This corporate tax rate drives U.S. costs up, and limits our ability to be competitive with our products across the global marketplace.

DeRocco says the corporate tax rate in U.K. is 30 percent. And in China, it’s 25 percent.

I’m Jeff Tyler for Marketplace.

Related Topics

Tagged as:

Latest Episodes

View All Shows
  • Marketplace
    2 hours ago
    26:08
  • Marketplace Morning Report
    9 hours ago
    7:08
  • Marketplace Tech
    14 hours ago
    11:03
  • Make Me Smart
    a day ago
    19:00
  • This Is Uncomfortable
    4 days ago
    56:05
  • Million Bazillion
    25 days ago
    32:45