Read previewThe push by US businesses to make more stuff in America has an ongoing challenge: It's hard to find workers.
Ulbrich says this stands in sharp contrast to Mexico, whose growing manufacturing base could entice companies to make supply chain investments there, rather than in the US.
Even as the pandemic-era labor shortage has eased, the demand for construction and factory workers has continued to exceed supply.
Mexico's median age is roughly 30, he added — compared to nearly 40 in China — which has contributed to a strong labor supply.
Compared to Mexico, manufacturing in the US would likely offer businesses reduced supply chain disruptions and lower transportation costs.
Persons:
—, Christian Ulbrich, Ulbrich, Matt Turner, Biden, Houthi, Tesla, Susan Golicic, Andres Abadia, Abadia, Luis Torres, Colorado State's Golicic, Golicic
Organizations:
Service, Business, Economic, General Motors, Intel, Companies, Ford, Reuters, Colorado State University, US, Pantheon Macroeconomics, Federal Reserve Bank of Dallas
Locations:
America, Mexico, Ukraine, Taiwan, Canada, China, Asia, shoring, San Antonio, Tennessee, Alabama, Colorado