President Obama set the foundations for a program that would encourage American companies to move workers from outside the US back to America. The White House has dubbed the process as “insourcing”
The Administration defines the process
After decades of watching American companies take jobs to other countries, we’re beginning to see entrepreneurs and manufactures make the decision to keep factories and production facilities here in the United States—or even bring jobs back to the U.S. from overseas.
In a speech today in front of business leaders, Obama said
So my message to business leaders today is simple: Ask yourselves what you can do to bring jobs back to the country that made our success possible. And I’m going to do everything in my power to help you do it. We’re going to have to seize this moment. American workers are the most productive and competitive in the world right now. When you factor in all the costs, we have a outstanding market; we have the most innovative entrepreneurs, the best research universities.
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