The newest numbers out today show nearly 20-million people are still unemployed.
Alicia Nieves looks at a push to bring jobs back to the U.S. but shows us why a job overseas won't necessarily equal a job here in the U.S.
OUT OF A JOB TONIGHT.ALICIA NIEVES LOOKS AT A PUSH TOBRING JOBS BACK TO THE U-S...BUT SHOWS US WHY A JOBOVERSEAS..
WON'T NECESSARILYEQUAL A JOB HERE IN THE U-S.SINCE THE START OF HISPRESIDENCY, PRESIDENT TRUMP HASTALKED ABOUTGETTINGMANUFACTURING COMPANIESTO COME BACK TO THEU.S...OR:"RESHORING"AND NOW,WITH UNEMPLOYMENTAT A HISTORIC HIGH...ANOTHER 1.5MILLION PEOPLE FILING JOBLESSCLAIMS LAST WEEK...ANDSTILL 19.5 MILLION CONTINUEDCLAIMS OR PEOPLEUNEMPLOYED...THE IDEA OFRESHORING IS BEINGREVISITED BY CONGRESS.WITH SOMEON THE HILL PROPOSING RESHORINGINCENTIVES FORCOMPANIES IN THENEXT STIMULUSPACKAGE."THERE ARE A LOT OF POTENTIALWAYS THAT THE ADMINISTRATION ANDCONGRESS COULDCOME UPWITH TAX SUBSIDIES AND TAXBREAKS FOR COMPANIES THATPRODUCESHERE."ED YARDENI IS ANECONOMISTAND THE PRESIDENT OF YARDENIRESEARCH.WHILE HE BELIEVES THERECOULD BE SOME JOBS CREATED BYCOMPANY'S RESHORINGIN THEU.S...IT'S HARD TO SAY HOW MANY."CLEARLY BRINGING BACK JOBSWOULD BE GREAT, BUT I DON'TTHINK WE GOBACK TO THE 70'S AND80S WHEREWE HAD A LOT MORE PEOPLEEMPLOYED."THAT'S PARTLY BECAUSE,MANY COMPANIES THAT WOULDCONSIDERRESHORING, WOULDALSO CONSIDERUSING ARTIFICIAL INTELLIGENCE."I WOULD THINK THAT IF YOU ARERESHORING AND BRING PRODUCTIONBACK TOTHE U.S. YOU ARE GOING TOUSESTATE OF THE ART TECHNOLOGY TODO THAT, SO I'MNOT SURE IT ISGOING TO BE A HUGE WIN-WIN INTERMS OF JOBS."EXPERTS BELIEVECOMPANIES THAT WOULD MOST LIKELYCONSIDER RESHORING...WOULDBE THOSE IN THEPHARMACEUTICAL AND TECHNOLOGYSECTOR.
THEIR REASON FORTHEMOVE IS LIKELY LESS FOR JOBCREATION AND MORE BECAUSE OFNATIONALSECURITYCONCERNS."THERE ARE SOME THINGS THAT AKIND OF INEVITABLE.WE ARE GOINGTO BEPRODUCING MOREDRUGS HERE ANDWE ARE GOING TO BEMUCH MORE CIRCUMSPECTABOUTSHARING TECHNOLOGICALINNOVATIONS THAT WE HAVE COME UPWITH."EITHER WAY,EXPERTS SAY TOGET MORE JOBS OUT OFRESHORING... EMPLOYERS MIGHTHAVE TO THINK ABOUT RETRAININGTHEIR EMPLOYEES."MAYBE WHAT WE NEED IS TOCOMBINE RESHORING WITH REALLYFOCUSING ON RE-EDUCATING A LOTOF THELABOR FORCE SO THAT THEY CANMANAGE THE ROBOTS, BUILDTHEROBOTS, PROGRAM THE ROBOTS ASOPPOSED TO DOING THE JOB THEROBOTS AREDOING."I'M ALICIANIEVES REPORTI
The newest numbers show nearly 20 million people are still unemployed. There is now a push to get jobs back in the U.S. from..
The Federal Reserve on Wednesday pledged to continue extraordinary support for the economy, including near zero interest rates..