Growing U.S. Trade Deficit with China cost 3.2 million jobs between 2001 and 2013 by Robert E. Scott and Will Kimball, published December 3, 2014
Millions of American workers lost their jobs due to the massive growth of trade between the United States and China after China joined the World Trade Organization in 2001. This growing trade deficit is especially detrimental to the U.S. manufacturing sector.
View the Report – The Report shows the losses of jobs by year and the reasons. It also gives the breakdown of job losses by state.
2.4 million manufacturing jobs were lost due to trade with China between 2001 and 2013, accounting for 75 percent of all jobs lost to China.
Every state and congressional district but one has lost net job opportunities since China joined the World Trade Organization.
The trade deficit in the computer and electronic parts industry grew the most, resulting in more than 1.2 million jobs lost or displaced.
It is always good to get the real numbers of job losses instead of rough estimates. It is also good to find the reasons why Americans are losing their jobs to China. It makes you question why the United States ever joined the World Trade Organization in the first place. I mean if their goal was to lose Americans jobs and hollow out the middle class then they succeeded. If it was to improve the pay of the CEO’s, then they succeeded. If it was to improve the U.S. economy, then they have failed miserably.
Thanks to the Alliance of American Manufacturing for bringing this report to my attention.