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Why Factories Are Coming Back To The U.S.
Posted
September 25, 2023
Views
529,536
Likes
7,004
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Engagement
1.58%
September 25, 2023
529,536
7,004
1,381
1.58%
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11:30Now PlayingAs 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:
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
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Why Factories Are Coming Back To The U.S.
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