[CTC_TRADE] EPI & Robert Scott | The China Trade Toll

[Andrew Gussert]

The China Trade Toll

Last week Scott published an op-ed in The Huffington Post where he addressed
<http://salsa.democracyinaction.org/dia/track.jsp?v=2&c=81rOmP%2Fs%2FPZDIyJX
sLdd0FupCYHpgn7G> The Myth of the Manufacturing Recovery, and said that
growing trade deficits were largely to blame for the six million U.S.
manufacturing jobs that had been lost since 1998. 

 
<http://salsa.democracyinaction.org/dia/track.jsp?v=2&c=Eid%2F9yLaIIE6eoYiJ0
YZ11upCYHpgn7G> The China Trade Toll, a 2008 paper by international
economist
<http://salsa.democracyinaction.org/dia/track.jsp?v=2&c=YjkcgUeBcDvZ1rOa2HMJ
MFupCYHpgn7G> Robert Scott about the U.S. jobs that have been lost or
displaced because of increased trade with China, continues to influence
trade policy discussions. Last month, when President Obama discussed tougher
enforcement of trade rules with Senate Democrats, Senator Arlen Specter
cited the paper's findings that 2.3 million U.S. jobs had been lost or
displaced between 2001 and 2007 as a result of a trade imbalance with China.
Scott's paper also looks at how this trade imbalance has suppressed wages
and finds that even when workers displaced by the growing trade deficit
found new work, it was typically at a much lower salary, with an average
annual loss of $8,146 per worker between 2001 and 2007.

 

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