May 26, 2017
Interviewed by: Privcap
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Jay Jordan: A Tech Future for U.S. Manufacturing

Jay Jordan of private equity firm The Jordan Company discusses how technology is transforming U.S. manufacturing as well as the workforce needed.

Jay Jordan of private equity firm The Jordan Company discusses how technology is transforming U.S. manufacturing as well as the workforce needed.

Don Lipari, RSM:

Hi. This is Don Lipari, national head of private equity for RSM. We’re talking today with Jay Jordan. Hi, Jay.

Jay Jordan, The Jordan Company:

How are you?

Lipari: Let’s talk about the United States and what you see on the horizon as far as our ability to restart the manufacturing engine in the U.S. Is this reality?

Jordan: Recent experience says it looks like we’re progressing in that direction. I do think so, particularly in technology. But the low-skilled worker probably isn’t going to have a huge role in the U.S. Maybe in infrastructure and that sort of thing. But I do believe that with technology—everybody said, “Technology can put people out of work.” If you look at the technology provided by Microsoft—they provide a lot of technology, productivity technology. The workforce expanded dramatically because of Microsoft. It didn’t shrink. So, when you hear these stories about, “They’re going to robotize these factories,” it’s still going to create a lot of jobs. Somebody’s got to sit there with a computer. But they’ll be higher-skilled jobs. Yes, I’m optimistic about U.S.-based manufacturing and certainly the President is. That’s where he focused on and it seems some companies are starting to respond. Absolutely.

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