Economics @ ITT

Counting the jobs lost to China

Posted in economics, employment, macroeconomics, Policy Issues by ittecon on January 20, 2011

China’s entry into the World Trade Organization in 2001 was touted as a win-win development that would benefit both the U.S. and Chinese economies. Almost a decade later, it is clear that American workers have suffered significant losses. In a new paper, EPI International Economist Robert Scott calculates that 2.4 million American jobs were lost between 2001 and 2008 as a result of increased trade with China, and that those job losses have occurred in every U.S. state, Congressional district, and most industries.

via Counting the jobs lost to China.

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