Is the US doing enough to bring jobs back home? – Fox Business

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LATEST U.S.

COMPANY TO BRING JOBS BACK TO THE U.S., ANNOUNCING PLANS FOR A NEW MANUFACTURING FACILITY IN MESA, ARIZONA.

THAT COULD CREATE UP TO 2,000 JOBS.

WHILE THIS ACE POSITIVE SIGN, IS THIS COUNTRY DOING ENOUGH TO BRING JOBS BACK HOME? LET’S BRING IN HARRY MOSER, FOUNDER OF RESTORING INITIATIVE.

THAT IS THE QUESTION, HARRY, ARE WE DOING ENOUGH? >> I THINK WE’VE MADE A GOOD START.

THE COMPANIES ARE CONSISTENTLY BRINGING BACK WORK.

WE CALCULATED ABOUT 30,000 MANUFACTURING JOBS COMING BACK PER YEAR.

WE COME CLOSE TO HAVING THE OFFSHORING BE BALANCED BY THE RESHORING.

SO WE’RE GETING A NICE NET RESULT.

BUT THE COUNTRY ITSELF COULD DO MORE.

THE COUNTRY COULD REDUCE CORPORATE TAXES T COULD DO A MUCH BETTER JOB OF HIRING AND TRAINING, RECRUITING THE SKILLED PROFESSIONALS WE NEED, TOOLMAKERS, PRECISION MACHINES.

THAT’S A LOT, THAT’S A LOT TO BRING UP HERE.

TALKING ABOUT EDUCATION.

TALKING ABOUT THE TAX RATE.

THOSE ARE THINGS AT THIS POINT REALLY OUT OF COMPANY’S CONTROL.

COMPANIES STILL HAVE INCENTIVES TO OFFSHORE JOBS.

THAT IS THE WAY OF TTE WORLD.

YOU MET WITH PRESIDENT OBAMA.

YOU WERE AT THE WHITE HOUSE LAST YEAR.

DO YOU FEEL LIKE HE HEARD YOUR PLEA TO BRING JOBS BACK TO THE U.S.

AND PROBLEMS, YOU SAY ARE ASSOCIATED WITH THAT ISSUE? >> HE HEARD THE PLEA.

WE HAD TOP MEN FROM INDUSTRY ALL MAKING THE SAME PLEA.

ONE OF THE KEY THINGS THAT HE HEARD AND THAT THE ADMINISTRATION HAS BEEN HELPFUL ON IS TO HELP COMPANIES UNDERSTAND THE IMPORTANCE OF DECIDING BASED ON TOTAL COST INSTEAD OF JUST PRICE.

THE COMMERCE DEPARTMENT HAS A FOUR SITES WHERE THEY HELP COMPANIES DO THAT ANALYSIS AND LINK THEM TO OUR WEBSITE WHERE THE ANALYSIS IS ACTUALLY BEING DONE.

TALK ABOUT THE ANALYSIS, HARRY.

WHAT WE CONTINUE TO SEE OVER AND OVER, NOT THAT I’M NOT HAPPY TO SEE JOBS BROUGHT TO A STATE I’M FROM AIR SOWN, OVERALL, HUNDRED OF THOUSANDS OF JOBS THAT HAVE BEEN LOST, MILLIONS OVER LAST FIVE YEARS, A LOT OF THOSE HAVE GONE OVERSEAS.

THEY’RE NOT COMING BACK, IF YOU LOOK AT THE SPREAD, THE PERCENTAGES ARE COMPLETELY OFF BALANCE.

I KNOW YOU AGREE WITH ME BUT THERE STILL A LOT TO FIX HERE.

>> WE WOULD SAY, 10 YEARS AGO WE WERE LOSING 150,000 MANUFACTURING JOBS A YEAR.

THAT IS DOWN TO ABOUT 30 OR 40,000.

AND RESHORING HAS GONE FROM MAYBE 2,000 JOBS A YEAR UP TO 30 OR 40,000.

SO WE’VE GONE FROM OFFSHORING BEING 75 TIMES THE ANNUAL RATE FOR RESHORING TO THE TWO IN BALANCE.

IF YOU WANT TO TURN AN OIL TANKER AROUND, FIRST YOU HAVE TO STOP IT AND THEN YOU TURN IT AROUND.

AND WE APPROXIMATELY STOPPED IT.

WE CAN’T DECLARE VICTORY BY ANY MEANS BUT WE CAN DECLARE AT LEAST WE’RE IN THE BATTLE.

ONE OF THE THINGS WE’VE SEEN ESPECIALLY IN TECHNOLOGY THERE IS A HUGE GROWTH OF JOBS IN THE TECHNOLOGY SECTOR, FAIR ENOUGH.

BUT THOSE INDIVIDUALS TAKING THOSE JOBS, QUALIFIED FOR THE JOBS, A LOT OF THEM ARE COMING FROM OVERSEAS.

THAT IS THE EDUCATION SIDE OF ALL OF THIS.

WHAT IS THE ANSWER HERE? >> OBVIOUSLY WE NEED A DRAMATICALLY BETTER BASIC EDUCATIONAL SYSTEM.

THROUGHOUT THE COUNTRY.

IT IS A DISASTER.

WE NEED TO DO DRAMATICALLY BETTER.

WE HAVE TO TRAIN MORE ENGINEERR, BUT ALSO MORE AS I SAID, TOOLMAKERS, PRECISION MACHINISTS.

WE NEED TO ELEVATE IMAGE OF THOSE PROFESSIONS LIKE THE GERMANS AND THE SWISS DO.

THOSE ARE CLEARLY A PROFESSION INSTEAD OF A TRADE OR VOCATION.

IS THERE A SECTOR RIGHT NOW WE’RE MISSING? WE WENT THROUGH THE JOBS REPORT THIS MORNING.

WE SAW GROWTH IN LEISURE, HOSPITALITY, RETAIL JOBS, THINGS LIKE THAT.

GOVERNMENT JOBS OF COURSE WAS DOWN.

IS THERE A SECTOR IN THIS COUNTRY OF JOB GROWTH WE COULD CREATE THAT COMPANIES WANT TO GET BEHIND, COMPANIES WANT TO GROW FROM.

>> I BELIEVE THE EASIEST IS MANUFACTURING.

THERE’S, WE CALCULATE THAT ABOUT 25% OF WHAT HAS BEEN OFFSHORED WOULD COME BACK IF COMPANIES DID THE MATH PROPERLY, IF THEY ANALYZED THEIR TOTAL COSTS PROPERLY AND, AND THAT MEANS 500,000 TO A MILLION JOBS JUST BY COMPANIES DOING THE MATH CORRECTLY AND ANALYZING WHAT’S IN THEIR OWN SELF-INTEREST TO BRING BACK.

WE WON’T SOLVE THE WHOLE PROBLEM BUT SOLVE SOME OF IT.

CHERYL: IT WOULD BE GOOD TO LOOK AT SECTORS AND GET US SPECIFICS.

>> WITHIN MANUFACTURING, WITHIN MANUFACTURING THE BIGGEST TREND HAS BEEN APPLIANCES, MACHINERY, TRANSPORTATION PARTS, RELATIVELY BIG, HEAVY THINGS THAT MAKE, THAT NEVER MAY HAVE HAD SENSE TO GO ABROAD BECAUSE THE FREIGHT COSTS WERE SO HIGH.

CHERYL: THAT IS A GOOD POINT.

YOU HAVE AMERICAN MUSCLE BEHIND THAT ONE.

HARRY, THANK YOU VERY MUCH.

>> THANKS FOR HAVING ME.

I APPRECIATE IT.

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