gone up. wages have gone up more than prices have gone up. i want to be clear. it s going to take time to get inflation back to normal levels. as we make the transition to a more stable and steady growth. we can see set pacs along the way as well. we shouldn t take anything for granted. what is clear is the plan is working and we re just getting started. my goal is simple. get price increases under control without choking off economic growth. bring inflation down while keeping our labor market resilient. build an economy from the bottom up and the middle out. an economy with good jobs, good wages and for the long run, not a boom or bust economy. because of my plan, we re begining to see historic investments that are leading companies to invest hundreds of billions of dollars to build semiconductor factories and other advanced manufacturing here in america.
wages are gone up more than prices have gone up. and i want to be clear, it is going to take time to get inflation back to normal levels. as we make to transition to a more stable and steady growth. but we could see setbacks along the way as well. we shouldn t take anything for granted. but what is clear is my economic plan is working and we re just getting started. my goal is simple. get price increases under control, without choking off economic growth. bring inflation down while keeping our labor market resilient. building a economy from the bottom up and middle out. an economy with good job and good wages and for the long run not a boom or bust economy. because of my plan, we re beginning to see historic investments that are leading companies to invest hundreds of billion dollars. let me say that again, hundreds of billion dollars to build semiconductor factories, another advance manufacturing right here in america. it is going to create tens of
The ban on American chipmakers building advanced technology facilities in China if they have received federal funding under the CHIPS Act could benefit countries such as India over the years, experts said.
people focus on it because it s visible. but there are lots of things about what we do, what we consume, what we eat, what we wear, that are very water intensive. so i don t like to think of it in terms of, we don t have enough water. i like to think of it in terms of, what do we have enough water for? do we want to build semiconductor factories, or grow cotton? do we want to grow subdivisions, or do we want to have high-density development that is more water efficient? those are the conversations we need to have. reporter: bill weir, cnn, phoenix. china is enduring its worst heat wave in 60 years with no relief in sight. multiple cities in south-central china have been reporting temperatures above 104 degrees fahrenheit, more than 40 degrees celsius. in the yangtze river, water levels have fallen dramatically over the last few months. the drying river has revealed buddhist statues thought to be more than 600 years old sitting atop a newly exposed island.
of, what do we have enough water for? do we want to build semiconductor factories or grow cotton. do we want high density that are more water efficient? bill, thank you so much. we ll be right back.