After decades of outsourcing jobs to China and Southeast Asia, American companies like Intel and Micron are reshoring, or bringing jobs back home, to the U.S. and opening up new factories. Even foreign companies like Honda are moving into the U.S. to build EVs, develop semiconductors and more.
New data show that firms are reshoring at the fastest pace in history. That’s thanks in part to the U.S.-China trade war and rising tariffs as well. But I'll also explain why it may not be the big win blue-collar American workers have been hoping for.
0:00 U.S. companies are on pace to reshore 350,000 jobs in 2022, the highest rate ever
0:33 Why is this happening?
1:29 What record reshoring rates could mean for the U.S. economy
1:50 Why this trend may not be an outright win for blue-collar American workers
I’m Dion Rabouin, a WSJ reporter covering markets and the economy. I’ll be diving into all things finance, from the popular and well-known — like crypto and stocks — to the complex and intricate — like leveraged loans, derivatives and private equity. Subscribe to join me as I take a deep dive into what’s making money move and why it matters.
#Reshoring #Jobs #DionRabouin
