Reshoring of U.S. Manufacturing Doubtful: JPM's Glassman

The video discusses the challenges of reshoring manufacturing due to labor shortages, despite rising wages. It highlights how innovation is driving labor productivity, benefiting both businesses and workers. Despite strong economic fundamentals, consumer confidence is low, possibly due to external fears. The video also explores the impact of pandemic-related assistance on labor market participation, suggesting that as benefits wane, more people may return to the workforce.

What is one of the main challenges in reshoring manufacturing to the U.S.?

• Lack of innovation

• High transportation costs

• Labor shortages

• Environmental regulations

How has the labor shortage affected wages in the U.S.?

• Wages have decreased

• Wages have fluctuated unpredictably

• Wages have increased

• Wages have remained stable

Despite falling consumer confidence, what economic indicator is strong according to the transcript?

• Consumer debt levels

• Unemployment rate

• Inflation rate

• Excess savings

What is a possible reason for the discrepancy between consumer confidence and economic fundamentals?

• The virus and other external factors

• Political instability

• High interest rates

• Trade deficits

What might encourage people to return to the labor market as pandemic assistance winds down?

• More remote work opportunities

• Incentives to find new jobs

• Higher unemployment benefits

• Increased job training programs