1417 ET - Labor could pose a challenge for companies considering moving manufacturing into the U.S., Ernst & Young's Andrew Phillips says. The U.S. doesn't have enough manufacturing workers right now to fuel reshoring, as the unemployment rate in that industry at 2.9%, Phillips says. While reshoring could add jobs, prior tariffs in the steel industry in 2018 actually resulted in overall job losses because companies were trying to cut labor costs, Phillips says. Wages in the U.S. are also about five times higher than in China and Mexico, he says, presenting companies with the challenging question of spending more on labor to reshore or just paying the tariffs. (katherine.hamilton@wsj.com)
(END) Dow Jones Newswires
April 03, 2025 14:17 ET (18:17 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。