China Unscripted cover image

China Unscripted

#231 US Companies Are Fleeing China | Harry Moser

Dec 11, 2023
Harry Moser, an expert in manufacturing and founder of the Reshoring Initiative, discusses why companies are leaving China and the trend of reshoring manufacturing jobs. They talk about challenges faced by US companies in China, strategies for encouraging reshoring, and the consequences of leaving China. The decline of US manufacturing jobs and the importance of a strong manufacturing base are also emphasized.
01:00:21

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Manufacturing jobs moving out of China are going to other countries like Vietnam, Mexico, and India.
  • Skilled workforce and vocational training are essential for reshoring efforts and improving the competitiveness of US manufacturing.

Deep dives

The decline of US manufacturing and its impact on the economy

The podcast explores the decline of US manufacturing and its impact on the economy. The US has seen a significant decline in manufacturing jobs, losing about 2 million jobs to China out of a total 6 million. This trade deficit with China has weakened the US economy, reduced tax revenue, and affected defense capabilities. The podcast highlights the misconception that service jobs are superior to manufacturing jobs, emphasizing that manufacturing jobs pay better and provide stability. The loss of manufacturing jobs also leads to a drain on tax revenue and weakens the country's industrial capacity.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode