Daily Kos: China Currency Manipulation Costs U.S. Jobs
Last week, when most politically involved Americans - elected and otherwise - and most of the media were understandably focused on health insurance reform, the American Manufacturing Organization and the Economic Policy Institute released a report, "Unfair China Trade Costs Local Jobs," written by Robert E. Scott.
Since Beijing joined the World Trade Organization in 2001, U.S. trade and the trade deficit with China have soared. The impact on American workers has been disturbing, particularly in electronic equipment and computers. Through the end of 2008, 2.4 million U.S. jobs have been "lost or displaced," 345,500 jobs a year. The hardest hit states are California, Texas and North Carolina, but the effect has been felt in every Congressional district.
click the headline to read more...
Last week, when most politically involved Americans - elected and otherwise - and most of the media were understandably focused on health insurance reform, the American Manufacturing Organization and the Economic Policy Institute released a report, "Unfair China Trade Costs Local Jobs," written by Robert E. Scott.
Since Beijing joined the World Trade Organization in 2001, U.S. trade and the trade deficit with China have soared. The impact on American workers has been disturbing, particularly in electronic equipment and computers. Through the end of 2008, 2.4 million U.S. jobs have been "lost or displaced," 345,500 jobs a year. The hardest hit states are California, Texas and North Carolina, but the effect has been felt in every Congressional district.
click the headline to read more...