Bringing Lost American Jobs Back From China

The Reshoring Initiative would like to slap the ''Made in U.S.A.'' label on a lot more products. Can it succeed? The organization's mission is to convince companies to bring manufacturing jobs back from China to the U.S. Recent economic trends in China, including a growing labor shortage and rising factory wages, are helping to make that dream a reality. At the same time, China's recent devaluation of the yuan appears to be drive by a desire to make its manufacturing exports more competitive. So are the jobs really coming home? On this episode, we speak with Reshoring Initiative founder and president Harry Moser. He discusses the group's efforts and talks about some recent successes. And he addresses the real challenges that stand in the way of a wholesale shift of manufacturing to the U.S. The big question: does the U.S. have the people and the skills to handle a big influx of work from China? For that matter, what will those returning jobs look like? Will automation undermine the benefits of reshoring for American workers?