THE GREAT RESHORING DEBATE
Patrick Van den Bossche
Reshoring will continue the phenomenon can be overstated .
“ No one claims — at least we don ’ t claim — that you ’ re going to see a million new jobs from reshoring next year ,” Moser says . “ That would be totally irrational , irresponsible . And we don ’ t have the workers , the skilled workers , to do it .”
Moser says things are changing , but that these have been — and will be — long , drawn-out processes .
“ It ’ s taken 60 years for [ offshoring ] to happen , and it ’ s going to take decades for it to reverse ,” he says . “ For our trade deficit to be eliminated , for reshoring and foreign direct investment to bring many of those jobs back .”
The important thing , he says , is that the incentives to move overseas are growing less attractive , and more companies are at least thinking about manufacturing domestically . He says his group ’ s figures show that while the US was losing 150,000 jobs a year to offshoring 10 years ago , the numbers of jobs lost to and gained from overseas last year were roughly even .
Moser believes that trend will continue — even if , as this report suggests , it ’ s taking a while to build up steam .
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