Multitasking doesn't exist! Human-beings don't have the cognitive ability to "multitask" the only thing that comes from multitasking is poor performance. This is part of the reason that our economy is having such a horrible time recovering. Greedy corporations are forcing people to perform 5, 6, 7, 8, 9, 10 peoples jobs at the same time, in order to save money, and line the share holders pockets. In turn the employees performance suffers, product quality suffers, and in the end no one wants to buy our !$%*!$ products.
The real solution to keeping up with China's sheer man power would be to scale back production, make less money for a while, learn to churn out quality products again like we used to 40 years ago, and then sell the products for twice as much. People will pay for quality. I have a set of Snap-on tools that was my Grandfathers, from 40 years ago, when they were still made in the USA with pride, and they will out-last any Chinese junk that is being manufactured today, even by Snap-On. The reason is that they were made in the USA, with pride, during a time when people were paid well, only did one job, and cared about that job, because they were paid well.
American companies are going about it the wrong way. Cutting manpower and lowering prices to try and keep up will not work and is only going to be the death of our economy. They need to take a step back, and look at the big picture instead of living from quarter to quarter.