What's Hot

    Father’s Day – Stepping into father’s shoes

    June 18, 2022

    4 Expert-Backed Strategies for Managing Anxiety

    April 15, 2022

    Boris Johnson slams Russia’s ‘despicable attacks’ on Bucha citizens

    April 4, 2022

    UK could open seven new nuclear power stations to reduce Russian oil dependence

    April 4, 2022
    Facebook Twitter Instagram
    Facebook Twitter Instagram LinkedIn
    United Business OutlookUnited Business Outlook
    NOMINATE FOR AWARDS
    • Home
    • Top Global News
    • INFO-TECH
      1. Social Media
      2. How-To
      3. Computer & Laptops
      4. Mobile & Tablets
      5. Gadgets
      6. View All

      5 Best Video Editing Apps For Social Media

      March 30, 2022

      Social Media Strategies To Follow

      March 15, 2022

      WeChat: What You Need To Know

      March 7, 2022

      Social Media Content You Need to Create.

      February 5, 2022

      Things to know before starting a business with friends

      March 25, 2022

      How to get a job in the finance industry

      March 2, 2022

      How modern technology helping us solve problems

      February 28, 2022

      Legal requirements to start a business

      February 28, 2022

      Cloud computing basics

      March 9, 2022

      OnePlus 10 Pro- The launch we are waiting for!

      March 29, 2022

      The most valuable brands in 2022

      March 14, 2022

      How modern technology helping us solve problems

      February 28, 2022

      Huawei launches Smart Glasses with Detachable Front Frame along with MateBook X Pro.

      December 25, 2021

      Father’s Day – Stepping into father’s shoes

      June 18, 2022

      4 Expert-Backed Strategies for Managing Anxiety

      April 15, 2022

      Boris Johnson slams Russia’s ‘despicable attacks’ on Bucha citizens

      April 4, 2022

      UK could open seven new nuclear power stations to reduce Russian oil dependence

      April 4, 2022
    • Markets
    • Crypto
    • Funding
    • More
      • Retail
      • Entrepreneurs
      • Automotive
      • Healthcare
      • Industries
      • Technology
      • Companies
        • Apple
        • SamSung
      • Fintech
      • Marketing
      • Real Estate
      • Sales
    United Business OutlookUnited Business Outlook
    Home»Top Global News»Biden’s inflation plan upends thinking on US jobs sent overseas

    Biden’s inflation plan upends thinking on US jobs sent overseas

    Aditi GuptaBy Aditi Gupta2 Mins Read Top Global News March 9, 2022
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    inflation
    Image: Pixabay
    Share
    Facebook Twitter LinkedIn Pinterest Email

    President Joe Biden has a surprising answer to high inflation: bring factory employment back to the United States.

    This raises questions on a decades-old argument that employers shifted jobs to reduce prices by depending on lower-wage workers.

    The pattern led to a loss of 6.8 million manufacturing jobs in the United States, but it also resulted in reduced costs for consumers and reduced inflation.  All of which helped to keep broader economic development going.

    It was an exchange that many business and political leaders were willing to make in private.
    With inflation at a 40-year high, the president is now claiming that globalization is to blame for rising costs.

    That’s because exporting supporters overlooked the price of increasingly frequent supply chain failures.

    Recent events such as the COVID-19 pandemic and Russia’s invasion of Ukraine have caused a global effect. As a result, leading to an increase in oil prices.

    Along with other factors such as shortages of basic items such as semiconductors, devastating floods, and wildfires.

    Collectively causing inflation across the nation. In a statement made by Biden recently, the national govt has two options when it comes to inflation.

    When emergencies and concerns happen, it can either reduce support, causing salaries and the economy to slow, or it can remove the stress that can lead to inflation.

    When Siemens USA announced plans to add 300 jobs on Friday, Biden stated, “We have a choice.”

    To control inflation, either reduce wages and make Americans poor or have a better plan: lower costs instead of your salaries.

    The president then expressed his belief that more should be done.

    Increased semiconductor manufacturing in the United States would lead to more local production of vehicles and other goods. This would fill the supply chain, reducing prices in concept.

    However, according to the financial data firm FactSet, this plan would take years to produce. Whereas, the consumer price report due out on Thursday is expected to show that annual inflation increased to about 8% last month.

    Biden’s problem is that he has long-term inflation plans to address the pain that consumers are feeling on a daily basis, according to Douglas Holtz-Eakin, head of the center-right American Action Forum, who called Biden’s plan “optics.”

    He says that semiconductor manufacturing facilities take years to construct.

    Inflation has come, and it has become a concern.

    Biden Inflation Russia-Ukraine US Economy USA
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticlePodcast Marketing – 5 Unexplored Benefits
    Next Article 16 Knockout Article Ideas: How to Write Regularly for Your Blog
    Aditi Gupta

    A writer and a photography enthusiast, with a zest for reading and traveling. Wants to bring change to the world, and when not editing, she spends her time on the guitar.

    Related Posts

    Boris Johnson slams Russia’s ‘despicable attacks’ on Bucha citizens

    April 4, 2022

    UK could open seven new nuclear power stations to reduce Russian oil dependence

    April 4, 2022

    Tesla: Despite obstacles, Tesla produces a record number of automobiles

    April 4, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Advertisement
    advertisement@unitedbusinessoutlook.com

    United Business Outlook Is An Online Magazine Providing Comprehensive Coverage And Analysis Of International Businesses From All Industries.

    We're social. Connect with us:

    Facebook Twitter Instagram YouTube LinkedIn
    Top Global News

    Boris Johnson slams Russia’s ‘despicable attacks’ on Bucha citizens

    April 4, 2022

    UK could open seven new nuclear power stations to reduce Russian oil dependence

    April 4, 2022

    Tesla: Despite obstacles, Tesla produces a record number of automobiles

    April 4, 2022
    Get Informed

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2023 United Business Outlook | A Venture by Famezop Media.
    • Home
    • Get In Touch
    • Our Authors
    • Privacy & Policy

    Type above and press Enter to search. Press Esc to cancel.