Debate over how many jobs the United States loses to China has gone on for years. Today, China is one of the two largest manufacturing economies in the world. The other is the United States. Many labor groups and politicians are trying to tip factory activity back to the U.S. — a difficult task to accomplish when companies send work to China to bring labor costs down. So, in many cases, China cannot be blamed for the shift in workers.
In a recent study, the Economic Policy Institute analyzed American jobs lost to China between 2001 and 2011. During that time, “the trade deficit with China eliminated or displaced more than 2.7 million U.S. jobs, over 2.1 million of which were in manufacturing,” according to the report. Based on the study, 24/7 Wall St. identified the 10 states that experienced the most job loss as a result of the deficit between 2001 and 2011.
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2 comments:
Of course China isn't to blame for our good jobs being there! OUR traitorous representatives who pushed for NAFTA and subsequent, traitorous trade agreements sold out the American workers and their families families so the super rich could stay that way by moving our good jobs & paying poverty wages in foreign countries. Shame on American corporations; they are not our fellow citizens. And there is no execration foul enough to be paid "OUR REPRESENTATIVES," from both parties who really only represent the rich. During his first campaign, Obama said he would repeal NAFTA and other trade agreements that were crippling American workers and their families. He was a lying snake just like Clinton and Bush. If the rich get richer, they couldn't care less about American workers. Our politicians, Democrats and Republicans, are like whores, for sale to the highest bidder!
You won't find Maryland on this list - O'Malley already ran off the businesses.
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