For every company Obama praises for coming back home, there are others still shipping jobs out of the country. Honeywell International in Acton, Mass., plans to eliminate 23 positions by year's end when manufacturing of the company's stainless steel products moves to Nanjing, China. Boston Scientific let go about 1,100 workers when the company moved production of its medical stents from Miami to Costa Rica.
The net effect of this two-way traffic on the labor market has been "zero," says Michael Janssen of The Hackett Group.
