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]>> President-elect Donald Trump may be having some success in trying to stop the flight of American manufacturing, but Reuters has learned there could be a downside. Some American companies, in order to appease the incoming Trump administration, are beefing up factories in the United States. But instead of hiring, they plan to use automation, says Reuters reporter David Randall.
>> What all of these companies are doing, they're saying, okay, I can keep them at the actual manufacturer here in the US. But more and more of that is gonna be done by automation, by robots essentially. So, there's not gonna be a political cost. The factory isn't going anywhere.
It's just there's gonna be fewer numbers of workers.>> Robot use on the manufacturing floor could grow 30 to 40% over the next years, according to some estimates. And that could hurt Trump's efforts to make good on a pledge to create 25 million jobs within a decade. Wall Street already trying to pick the winners.
Rockwell Automation, General Electric, and Cognex are just some of the automation suppliers seeing their stocks jump through the roof since the November election. Faro Technologies is also expected to benefit. The digital measurement company eliminating the need for humans in some manufacturing processes. But the gains to be made by automation is not limited to the factory floor.
>> And I've also seen companies like Middleby, which is a kitchen supply company. So you know they're in Panera Bread and all these kind of fast casual restaurants. They actually have new robots that can essentially take away the person who does french fries. There's a robotic arm that does the whole process.
>> Robots could spark a Made in the USA renaissance. But that doesn't mean the same as a revival for factory jobs. That could leave American workers not only worried about losing out to low-wage labor across the border, but also fearing a no-wage machine nearby.