24/02/2017 World Business Report


24/02/2017

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Trump pledges to bring millions of factory jobs back to the US.

:00:13.:00:21.

But who really took them - Mexicans, or machines?

:00:22.:00:29.

Plus knock off, get outta here and go home early.

:00:30.:00:32.

Japanese firms bring in a 3pm finish, once

:00:33.:00:35.

Question is - can it really change a culture that has a word for death

:00:36.:00:41.

Also coming up: Never mind the disability,

:00:42.:00:54.

We're going to meet DJ Total Recall as part of our week long series

:00:55.:01:03.

First, "we want products made in America, made by American hands".

:01:04.:01:10.

That was the pledge of US President Donald Trump

:01:11.:01:13.

when he addressed cheering workers at Boeing last week.

:01:14.:01:18.

And he continued the theme on Thursday when he met

:01:19.:01:20.

with the bosses of more than 20 top US companies at the White House,

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the likes of General Electric, Lockheed Martin, Ford and Dell.

:01:29.:01:31.

He told them he plans to to bring millions of manufacturing jobs back

:01:32.:01:34.

According to President Trump's official website,

:01:35.:01:43.

since it signed the North American Free Trade Agreement

:01:44.:01:47.

with Canada and Mexico, known as Nafta, more

:01:48.:01:50.

America has lost nearly one-third of its manufacturing jobs.

:01:51.:01:54.

And I tell you what, official numbers do seem to back

:01:55.:01:57.

America's Bureau of Labour Statistics says five million factory

:01:58.:02:00.

That's left just 12.3 million Americans employed

:02:01.:02:06.

in manufacturing, well under one in ten

:02:07.:02:08.

Definitely a huge decline from the one in four who worked

:02:09.:02:13.

But are bad trade deals and cheap Mexican and Chinese labour

:02:14.:02:18.

Or is it simply the march of technology?

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One recent study by Ball State University says the vast majority

:02:40.:02:42.

of these jobs, 85%, have gone because of automation.

:02:43.:02:44.

Persuading companies to reverse this trend could be difficult.

:02:45.:02:48.

The Boston Consulting Group estimates that a human welder costs

:02:49.:02:51.

$25 an hour to employ, while a robot costs less

:02:52.:02:54.

than a third of that, around $8, to do the same job.

:02:55.:03:01.

Still, President Trump told the assembled CEOs he's already

:03:02.:03:04.

Bringing manufacturing back to America, creating high wage jobs,

:03:05.:03:13.

was one of our campaign promises and themes and it resonated

:03:14.:03:16.

with everybody, it was really something what happened.

:03:17.:03:23.

States that hadn't been won in many, many years were, they came over

:03:24.:03:27.

to our fold, a lot of it had to do with the jobs and other reasons,

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but jobs, and I'm delivering on everything that we've said.

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In fact, people are saying they've never have seen so much happen

:03:40.:03:42.

Julian Howard is Head of Multi-Asset Solutions at GAM,

:03:43.:03:49.

The awful day! Certainly on the campaign trail, where President

:03:50.:04:06.

Trump said he would bring back jobs, we look at the American economy is

:04:07.:04:12.

almost a title that unemployment fall. Those who want a job can get

:04:13.:04:18.

on. That seems to be the case. The employment rate seems quite good as

:04:19.:04:23.

a headline number, but when you look at the participation rate it isn't

:04:24.:04:29.

that high. Many groups of people aren't as employed as they were

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before the 2000 a crisis. Certain groups of white working class

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males... There have been studies on them, they are playing a lot of

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video games and the drug crisis. Unemployment is higher. So the US

:04:44.:04:46.

economy seems to have low unemployment, but under the surface

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many groups aren't participating in the recovery. Whether or not

:04:50.:04:54.

President Trump is targeting those particular groups, it appears he

:04:55.:04:59.

doesn't want to just get people back to work, he wants to put people into

:05:00.:05:02.

factories. That's almost like back to the future! Very costly for

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companies, isn't it? I think it's a romantic motion and conjures up

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these 1940s posters, making America great. We saw this in a campaign

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trail as well, images of big Mossley people with hammers. But

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manufacturing has changed eon recognition. You alluded to the many

:05:28.:05:30.

jobs lost in manufacturing since 2000, but a lot of that has been

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replaced by more high-tech, more competitive stuff at a dozen neither

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labour it used to. I that a lot lot of these corporate bosses, when we

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saw the footage yesterday, they didn't seem to push back and say, we

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can't do that! -- argue was -- are you surprised. It is extraordinaire.

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The only real push back within has been on immigration. In terms of

:06:00.:06:07.

these manufacturing CEOs aren't surprised there wasn't resistance to

:06:08.:06:10.

what is essentially a Ford Concept. Who goes to a business meeting where

:06:11.:06:14.

the number-1 agenda is about how to create jobs. It is usually about

:06:15.:06:19.

what resources you can apply. This was an extraordinary investment

:06:20.:06:24.

meeting about jobs and just particularly jobs. It doesn't make

:06:25.:06:30.

sense. I've got to wrap up, briefly, wouldn't a creative President Trump

:06:31.:06:36.

and his team be looking at creating new industries as opposed to looking

:06:37.:06:40.

at all the manufacturing? And here is the contradiction. Elon Musk has

:06:41.:06:45.

been hanging out at the White House and we see this contradiction. They

:06:46.:06:51.

wanted to create this old-fashioned manufacturing industry, and yet

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Donald Trump does have his eye on the future industries. Thank you for

:06:56.:06:56.

coming in. We're also in Japan,

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where thousands of workers will be It's part of a drive

:06:58.:07:00.

by the government and business groups to tackle overwork and it's

:07:01.:07:08.

being called Premium Friday. The idea is companies make staff go

:07:09.:07:11.

home at 3pm on the last Friday Death from overwork in Japan is such

:07:12.:07:15.

a longstanding problem it even Now all week we've been bringing

:07:16.:07:21.

you a series of reports and interviews on disability

:07:22.:08:45.

and the workplace. We're finishing with a story

:08:46.:08:47.

from the music business. A DJ has been telling us about his

:08:48.:08:56.

passion for music. Take a look. I struggled a lot getting into it.

:08:57.:09:15.

I've got the CV properly done and I applied for things and never heard

:09:16.:09:20.

anything back. There's always some situation that happens and then I

:09:21.:09:22.

ended up at the music. I applied for a job online. There

:09:23.:09:33.

was a section in the application which states, have you got any

:09:34.:09:37.

disabilities, if so please specify. I specified and they also attached a

:09:38.:09:42.

piece of paper. I went to the interview and all of a sudden this

:09:43.:09:46.

guy came over, put his hand on my shoulder and said, you won't be able

:09:47.:09:52.

to do this. I was like, what? Why am I here? It was really embarrassing.

:09:53.:09:58.

It was. How long did it take you to get over it? A good few months.

:09:59.:10:04.

Music means everything to me. It is my life, my passion, my drive, I

:10:05.:10:13.

sold. Everything. It's just me. -- my soul. I was very self-conscious

:10:14.:10:19.

at one time. A jacket on, sweating, just to cover it up. Then in a

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transition moment, going from that to doing this in front of 2000 kids,

:10:24.:10:28.

which is 4000 eyes, mind blowing. You can find more on our special

:10:29.:10:37.

coverage of this issue and how businesses are dealing

:10:38.:10:45.

with it at bbc.com/disability. I will be back to have a look at the

:10:46.:10:54.

papers from around the world.

:10:55.:10:58.

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