CEOs Try To Explain The Economy To Trump

DONALD TRUMP MET WITH SOME CEOS INCLUDING THOSE WHO WORK IN
THE MANUFACTURING INDUSTRY AND THEY BROUGHT UP A CONCERN
THAT TRUMP DOESN'T SEEM TO TALK ABOUT A LOT WHEN IT COMES
TO JOBS IN THE UNITED STATES.
APPARENTLY ONE EXECUTIVE SAID THE FOLLOWING: THE JOBS ARE
THERE, BUT THE SKILLS ARE NOT.
SO THIS EXECUTIVE WAS UNNAMED BY THE ASSOCIATED PRESS
BECAUSE THE AP WAS ABLE TO REPORT ON THE STORY AND
THIS MEETING ON THE CONDITION THAT THEY WOULD PROTECT THE
ANONYMITY OF SOME OF THE CEOS.
SO THEY ARE LIKE YEAH, YOU ALWAYS TALK ABOUT US
SHIPPING JOBS ABROAD, BUT THAT IS NOT REALLY THE PROBLEM.
WE HAVE A LOT OF PROBLEMS THAT ARE UNFILLED HERE IN THE
UNITED STATES, WE JUST DON'T HAVE THE SKILL, THE BOYS
FOR THESE JOBS DOCILE GOVERNMENT FIGURES SHOW THAT THERE ARE
324,000 OPEN FACTORY JOBS NATIONWIDE TRIPLE THE NUMBER IN
2009 DURING THE DEPTHS OF THE RECEPTION.
I WANT TO HOLD FOR A 2ND.
WE KEEP SEEING THAT THE ECONOMY THROUGH OBAMA'S
ADMINISTRATION EVEN THOUGH WASN'T A GIGANTIC
IMPROVEMENT ALL AT ONCE, WE DID SEE A SLOW AND STEADY
IMPROVEMENT IN THE ECONOMY UNDER THE OBAMA ADMINISTRATION SO
THE NUMBERS WOULD PROVE IT BUT THEN PEOPLE LIVING IN
MIDDLE AMERICA DIDN'T FEEL THE BENEFITS OF AN IMPROVED
ECONOMY SO I DIDN'T UNDERSTAND WHAT THAT DISCONNECT WAS.
AND THEN YOU SEE THIS NUMBER.
THESE ARE FACTORY JOBS.
324,000 UNFILLED FACTORY JOBS.
THESE JOBS WERE CREATED UNDER TRUMPS WATCH THAT HE'S ONLY
BEEN IN OFFICE FOR A COUPLE OF WEEKS.
THIS HAPPENED UNDER THE OBAMA MINISTRATION CLEARLY IN THE
REASON WHY THEY ARE NOT FILLED IS BECAUSE WE DON'T HAVE
THE SKILLED WORKERS TO FILL THEM.
WHEN WE HAVE THE SKILLED WORKER?
I DON'T KNOW MAYBE BECAUSE EDUCATION HAS BEEN SHARED ON
BY EVERYONE INCLUDING THE SAME AMERICANS WHO VOTED FOR TRUMP.
WE NEED EDUCATION.
WE NEED TO EVALUATE, WE NEED TO PUSH FOR POLICIES THAT
ALLOW PEOPLE TO GET AN EDUCATION WITHOUT GOING INTO A HUGE
AMOUNT OF DEBT.
VOCATIONAL SCHOOLS THAT ARE NOT FOR-PROFIT COLLEGES THE
SCREW OVER, DOES THE THINGS WE NEED TO FOCUS ON.
BUT NO, EVERYONE IS LED TO AND TOLD YOUR JOBS HAVE BEEN
SHIPPED ABROAD.
WE NEVER TALK ABOUT AUTOMATION AND WE NEVER TALK ABOUT THESE
UNFILLED JOBS THAT REQUIRED SKILLED LABOR.
THIS IS EYE-OPENING AND I THINK YOUR POINT, ONE OF THE
CEOS HAD SAID EVEN YES BEING VOCATIONAL TRAINING, ALSO A
LOT OF THE CANDIDATES THAT ARE COMING OUT OF HIGH SCHOOL
AND HAVE DEGREES, SOME EVEN WITH COLLEGE DEGREES, THEY DON'T
HAVE THE MATH AND ENGLISH SKILLS TO BE ABLE TO FULFILL THIS
JOB THAT THEY NEED.
AND AS YOU STATED, THAT UNDERSCORES OUR EDUCATIONAL
SYSTEM.
ABSOLUTELY.
YESTERDAY, WE TALKED ABOUT A STORY WHERE THERE'S ALSO 200,000
CONSTRUCTION JOBS THAT ARE OPEN, BUT I THINK IT IS A
COMBINATION OF FACTORS.
THE ONES YOU GUYS TALKED ABOUT OBVIOUSLY ARE TRUE ABOUT
EDUCATION BUT ALSO THE INABILITY TO TRAVEL AND GET TO WHERE
THE JOBS ARE.
THERE ARE A TON OF PEOPLE IN THE COUNTRY THAT WOULD LOVE
THOSE JOBS BECAUSE I KNOW THAT.
ONE, IT'S OBVIOUS AND TOO, ARE REPORTERS NOW ALL OVER THE
COUNTRY ARE TALKING TO THESE FOLKS.
I REMEMBER THE GUYS WHO ARE WORKING AT THE BURGER JOINT
UP IN THE NORTHWEST THAT JORDAN TALK TO.
WHEN JORDAN ASKED THEM WITH THEIR DREAM JOB IS, HE HADN'T
BOTHERED TO DREAM OF A JOB BETTER THAN FLIPPING BURGERS.
THAT IS BECAUSE HE HAD SUCH LITTLE OPPORTUNITY.
HE WOULD TAKE ONE OF THE STYLES, MUCH UNDERPAYING FACTORY JOB.
NICK SMITH DONE IN VIRGINIA, WORKING A WAFFLE HOUSE TRYING TO
GET THEM TO INCREASE THEIR WAGES BECAUSE THAT IS ALL HE'S GOT.
WHEN YOU HAVE THESE JOBS, I DON'T KNOW, THERE SOME
DISCONNECT HERE WHETHER IT'S THE MATTER OF THEY ARE IN THE
WRONG PLACE OR THAT THEY HAVEN'T ADVERTISED THEM WELL ENOUGH
OR MAYBE FOR SOME CRAZY REASON, THEY DON'T WANT TO FILL THEM.
THERE IS SOMETHING WRONG HERE IN THE COUNTRY AND WE HAVE A LOT OF
PEOPLE WHO WOULD LOVE THESE JOBS AND YET JUST IN FACTORIES
AND CONSTRUCTION ALONE, THAT IS HALF 1
MILLION UNFILLED JOBS THAT ARE PRETTY GOOD JOBS.
CONSTRUCTION IS A SKILLED JOB.
CONSTRUCTION IS DIFFICULT.
IT DOESN'T NECESSARILY SURPRISE ME THAT WE HAVE HUNDREDS OF
THOUSANDS OF THOSE JOBS THAT ARE UNFILLED BUT ALSO, THINK ABOUT
THE FACT THAT A LOT OF THE FACTORY JOBS THAT DON'T REQUIRE
A LOT OF SKILL HAVE BEEN REPLACED BY LITERAL ROBOTS THAT
CORPORATIONS DON'T PAY ANY MONEY TO THE COURSE THEY'RE GOING TO
USE THE TECHNOLOGY BECAUSE THEY DON'T WANT TO PAY THE EMPLOYEES.
THERE ARE CERTAIN JOBS THAT YOU CANNOT EMPLOY A ROBOT FOR.
YOU NEED ACTUAL WORKERS AND THOSE WORKERS NEED SKILLS.
YOU ARE RIGHT, I'M SURE THERE IS AN ISSUE IN TERMS OF LOCATION
AND THE ABILITY TO MOVE RUNNING WORKING ONE OF THESE
PLACES, BUT I THINK THAT THE CEOS BROUGHT UP AN
INTERESTING COMPONENT OF A STORY THAT WE NEVER HEAR ABOUT.
YEAH.
I DO KNOW THAT THERE IS NO SIMPLISTIC ANSWERS.
IT IS NOT A MATTER OF OKAY, WE BUILD A WALL AND HENCE WE HAVE
MORE JOBS OR WE RAISE TARIFFS AND HENCE WE HAVE MORE JOBS.
IT'S GOT TO BE A HOLISTIC SOLUTION AND YOU HAVE TO THINK
THIS THROUGH AND FIGURE HOW YOU MATCH THE PEOPLE TO THE JOBS?
I DON'T KNOW THAT, EVEN IF YOU ARE A WHITE RIGHT-WINGER
AND YOU THINK THE GUY THAT WE HAVE IN CHARGE IS
SOPHISTICATED ENOUGH TO DO THAT HOLISTIC LOOK AT THIS ISSUE
AND REALLY GET YOU THE JOBS, MAYBE YOU DO.
HE'S LIKE A SMART PERSON.
HE HAS SAID THAT MANY TIMES.
HE IS LIKE A SMART PERSON.
BIGLEY.
I GUESS WE'RE COVERED.
BY THE WAY, ONE FINAL QUOTE THAT I WANT TO READ TO YOU
FROM THE CEO OF DOW CHEMICAL.
HE WAS APPARENTLY COMFORTABLE BEING IDENTIFIED.
HE SAID ALL OF THE CEOS ARE VERY ENCOURAGED BY THE
PRO-BUSINESS POLICIES OF THE PRESIDENT.
SOME OF US HAVE SAID THIS IS PROBABLY THE MOST
PRO-BUSINESS ADMINISTRATION SINCE THE FOUNDING FATHERS THAT.
THE FOUNDING FATHERS WARNED US ABOUT BIG BUSINESS ALL THE TIME.
I THOUGHT THAT WAS AN INTERESTING STATEMENT.
IF YOU READ ALL OF THEM, JEFFERSON, HAMILTON EVEN
WASHINGTON.
THEY ARE LIKE WATCH OUT FOR CORPORATIONS.
THEY WILL EVENTUALLY TAKE OVER.
THEY KNEW ALL THE WAY BACK THEN.
ALL OF THE GUYS, THE CEOS THAT ARE COMFORTABLE WITH TRUMP
AND THEIR STOCKS ARE RISING, THE OIL COMPANIES AND PRIVATE
PRISONS, ETC.,
BECAUSE FOR WHAT YOU WISH FOR.
THIS IS A SUGAR HIGH.
ONCE THE BILL COMES DUE, THERE IS A CRASH COMING.
THERE HAVE BEEN A LOT OF PIECES WRITTEN ABOUT THE
STATE OF THE STOCK MARKET AND HOW THERE IS THAT SUGAR HIGH.
I DON'T KNOW, WE WILL SEE HOW IT ALL PLAYS OUT.
I GUARANTEE YOU THAT MOVIE DOES NOT END WELL.

CEOs Try To Explain The Economy To Trump

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