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eridani

(51,907 posts) Tue Dec 16, 2014, 06:23 AM Dec 2014

Trade With China Has Cost 3.2 Million American Jobs

http://readersupportednews.org/news-section2/318-66/27516-trade-with-china-has-cost-32-million-american-jobs

After 15 years of negotiating, China was finally granted membership to the World Trade Organization in 2001, a pivotal step in the opening of the country’s economy.

The impact of its entry was much debated, but one thing quickly became clear: It was a good move for China. A new study from the left-leaning Economic Policy Institute shows that while China gained, the American labor market suffered: At least 3.2 million American jobs were displaced during the first dozen years that China was in the WTO, thanks to an unbalanced trade relationship between the two countries.

“The growing trade deficit with China has cost jobs in all 50 states and the District of Columbia,” EPI’s Robert E. Scott and Will Kimball write. “Using a new model and new congressional district data to estimate the job impacts of trade for the 113th Congress, this study also finds that job losses occurred in every congressional district but one.” (California’s 21st congressional district, located in the state’s Central Valley, was the only one that saw no job losses due to Chinese trade, according to the report.)

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Trade With China Has Cost 3.2 Million American Jobs (Original Post) eridani Dec 2014 OP

Always missing from any discussion about the American worker. Jesus Malverde Dec 2014 #1

I was one of them at one time Arcadiasix Dec 2014 #2

Wait until TPP hits ( hopefully it will not pass) nt newfie11 Dec 2014 #3

Yeah...but my Iphone is so nice. ileus Dec 2014 #4

China coordinates and subsidizes manufacturing GreatGazoo Dec 2014 #5

Should we have kept the world's biggest country out of the 160-member WTO even if they agree pampango Dec 2014 #6

I do not find you creditable because you post things from Tea Party speakers markme88 Dec 2014 #8

I absolutely despise the "made in china" line on EVERYTHING.... a kennedy Dec 2014 #7

Oddly enough, not ONE of those lost jobs once belonged to a POTUS or member of Congress. WinkyDink Dec 2014 #9

Jesus Malverde

(10,274 posts)

1. Always missing from any discussion about the American worker.

Reply to eridani (Original post)

Tue Dec 16, 2014, 06:43 AM

Dec 2014

Jesus

Arcadiasix

(255 posts)

2. I was one of them at one time

Reply to eridani (Original post)

Tue Dec 16, 2014, 06:43 AM

Dec 2014

newfie11

(8,159 posts)

3. Wait until TPP hits ( hopefully it will not pass) nt

Reply to eridani (Original post)

Tue Dec 16, 2014, 07:59 AM

Dec 2014

ileus

(15,396 posts)

4. Yeah...but my Iphone is so nice.

Reply to eridani (Original post)

Tue Dec 16, 2014, 08:05 AM

Dec 2014

GreatGazoo

(3,937 posts)

5. China coordinates and subsidizes manufacturing

Reply to eridani (Original post)

Tue Dec 16, 2014, 09:01 AM

Dec 2014

Lack of universal healthcare cost the US most of our auto manufacturing which moved right over the border to Canada. To cover their exit tracks, Chrysler created an ad campaign called "Imported from Detroit" -- the cars are not really made in Detroit.

A recent study by “The Made in the US Foundation” found that the vehicles in the ads are not even made in Detroit. Made in the USA chairman Joel Joesph said in a statement, “The Chrysler 300 is assembled in Brampton, Ontario, Canada and often includes a Mexican-made engine. Last time I checked, Detroit is not in Canada. Chrysler is flat wrong to imply the Chrysler 300 is made in the United States and we have asked the FTC to order corrective advertising.”

Chrysler responded by saying that Imported from Detroit is merely a saying and is not to be taken literally.

http://www.autoguide.com/auto-news/2011/10/imported-from-detroit-is-not-from-detroit.html

Easy to beat up on China but more productive to know that we lost good jobs through lack of action and planning by our own government. The cost of healthcare in the USA will continue to drive away good jobs and impoverish our nation as it swallows nearly 20% of our GDP annually.

pampango

(24,692 posts)

6. Should we have kept the world's biggest country out of the 160-member WTO even if they agree

Reply to eridani (Original post)

Tue Dec 16, 2014, 09:09 AM

Dec 2014

to follow its rules? Should the WTO be a private club just for 'rich' countries? It's a little late for that since it has 160 member countries many of which are poorer though, of course, not as big as China or Russia. Does it really make sense to want to exclude Russia and China from such a global organization?

Would we be insulated from the effects of the world's largest economy if China were not in the WTO? If keeping China out of the WTO would not have prevented its economy from growing or insulated us from its growth, perhaps we could have tried a Cuba-style trade embargo to keep those Chinese poor and out of our hair. That has worked pretty well to keep Cuba poor and economically isolated, although not many liberals support that policy.

It is hard for some Americans to accept, but China and the US are part of the same world. We both have to deal with it. We shouldn't exclude China from the WTO any more than we should kick them out of the UN, the WHO or any other global organization.