Why Factories Are Coming Back To The US

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=JHDYf18AYfI

As factories closed and more companies moved their operations offshore, employment in manufacturing has declined over the years. But now the Biden Administration is spending big on industrial policies, such as the CHIPS and Science Act and the Inflation Reduction Act, to bring manufacturing, especially semiconductors and electric vehicles, back to the U.S. But some economists warn against the dangers of government playing favorites in a free market. So how exactly is the U.S. government convincing manufacturers to return? And will its bet pay off? • Chapters: • 00:00 — Introduction • 01:58 — Industrial policies • 04:47 — Pros and Cons • 08:20 — Way forward • Produced Edited by: Juhohn Lee • Animation: Christina Locopo • Supervising Producer: Lindsey Jacobson • Additional Sources: EPA, White House, Department of Commerce, Center for Strategic International Studies, Census Bureau • » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC • » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision • About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. • Connect with CNBC News Online • Get the latest news: https://www.cnbc.com/ • Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC • Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC • Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC • Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC • #CNBC • Why Factories Are Coming Back To The U.S.

#############################

New on site