Commodity Stuff News Today

Just not on the margin, that were making high-tech things in the united states but there really will be a manufacturing sur jens especially in the consumer tech of big, big numbers of jobs? >> its going to be hard for the very high volume commodity stuff. frankly its easier to be done. those are not the high value jobs anyway. were losing low value and gaining high value jobs. thats the great american story. its completely dependent upon education and investment. we can do this. >> youve also sa...

You know what i mean? whats this? start over again. are there travel agents anymore that can do this? >> im glad you brought that up. best travel tip, call a professional. travel agents sell 60%. they not only exist they are thriving. coming out of the recession in 2009 their increase in bookings was more dramatic than all the online travel agencies like expedia. if you saw the stock price a week ago with the earnings report it dropped dramatically. they are not able to deliver the high touch yo...

High volume commodity stuff to get stuff in the u.s., because frankly its easier to be done in the lower wages, and those are not the high value jobs anyway. thats the great story about american jobs. its dependant upon education and more investment in the industries. we can do this. >> tell me about the immigration part of the debate, because you said here we have the trend in america where we bring the bettest and brightest from around the world, and we educate them and say thank you. >> we do...

It has become a dirty word in america. you think that its a misrepresented term or a misunderstood term. >> well, its just such a dominant reality now of the way in which we do business, because you have these global supply chains. in effect people make stuff all over. ge jet engine is made in 22 different countries. so when people talk about outsourcing, companies arent really doing outsourcing anymore, what theyre doing is investing in their operations in china, india, brazil or indonesia and ...

>> right. >> its not like theyre physically moving jobs overseas, its that theyre groveri ingro operations in these places. so understand thats the world you live it, take advantage of it. let the low cost commodity stuff, the making shoes go there. keep the high value added stuff, designing stuff, and you take advantage of it. if you think of yourself as entrepreneurial, you ask yourself, okay, im going to try to manage the stuff thats going on in india, china, brazil and what can i do? whats l...