Bernanke: pledge to revive manufacturing "not realistic" [View all]
By JILLIAN HARDING
MONEYWATCH May 2, 2017, 4:17 PM
... Former Federal Reserve Chairman Ben Bernanke is challenging President Donald Trump's claim that manufacturing jobs in industries such as coal mining can make a comeback in the U.S.
"We're not going to have people on assembly lines putting cars together anymore, because we have robots," Bernanke said in an interview with CBSN where he discussed his new book, "The Courage to Act: A Memoir of the Financial Crisis and Its Aftermath. "We don't need as many coal miners because we have other forms of energy and cleaner forms of energy."
Instead, Bernanke suggested, "What we need to do is bring people into the growing sectors and have them find good, well-paying jobs in those growing sectors" ...
http://www.cbsnews.com/news/bernanke-trumps-pledge-to-revive-u-s-manufacturing-is-not-realistic/
= new reply since forum marked as read