Losing jobs to China

Chris Woodward
OneNewsNow
9/26/2011

A new study shines light on the number of U.S. jobs lost to China since that nation entered the World Trade Organization ten years ago.

The Economic Policy Institute has recently discovered that the trade deficit with China has cost America 2.8 million jobs, most of which were in the manufacturing sector. Scott Paul is executive director for the Alliance for American Manufacturing (AAM), which commissioned the study. He says the problem is a lack of trade balance with China.

"China manipulates its currency, it provides state support for its industrial firms, [and] it keeps our products out of the [Chinese] market," Paul explains. "There is a lot of intellectual property theft. And when you add all of that up together, it's not a level playing field." the rest