U.S. Job Losses to China:

[amborin]

2.4 million jobs lost in 8 years can be directed attributed to China.

"•The 2.4 million jobs lost/workers displaced nationwide since 2001 are distributed among all 50 states, the District of Columbia, and Puerto Rico, with the biggest losers, in numeric terms: California (370,000 jobs), Texas (193,700), New York (140,500), Illinois (105,500), Florida (101,600), Pennsylvania (95,700), North Carolina (95,100), Ohio (91,800), Georgia (78,100), and Massachusetts (72,800).

•The hardest-hit states, as a share of total state employment, are New Hampshire (16,300, 2.35%), North Carolina (95,100, 2.30%), Massachusetts (72,800, 2.25%), California (370,000, 2.23%), Oregon (38,600, 2.19%), Minnesota (58,800, 2.17%), Rhode Island (10,600, 2.01%), Alabama (39,300, 1.97%), Idaho (13,500, 1.97%), and South Carolina (38,400, 1.97%).

•Rapidly growing imports of computer and electronic parts (including computers, parts, semiconductors, and audio-video equipment) accounted for more than 40% of the $186 billion increase in the U.S. trade deficit with China between 2001 and 2008. The $73 billion deficit in advanced technology products with China in 2008 was responsible for 27% of the total U.S.-China trade deficit.

The growth of this deficit contributed to the elimination of 627,700 U.S. jobs in computer and electronic products in this period. Other hard-hit industrial sectors include apparel and accessories (150,200 jobs), miscellaneous manufactured goods (136,900), and fabricated metal products (108,700); several service sectors were also hard hit by indirect job losses, including administrative support services (153,300) and professional, scientific, and technical services (139,000).

•The hardest-hit Congressional districts had large numbers of workers displaced by manufacturing trade, especially in computer and electronic parts, apparel, and durable goods manufacturing. The three hardest hit Congressional districts were all located in Silicon Valley in California, including the 15th (Santa Clara county, 26,900 jobs, 8.3% of all jobs in the district), the 14th (Palo Alto and nearby cities, 20,300 jobs, 6.3%), and the 16th (San Jose and other parts of Santa Clara county, 18,200 jobs, 6.0%).

•The hardest hit Congressional districts were concentrated in states that were heavily exposed to growing China trade deficits in computer and electronic products and other industries such as furniture, textiles, and apparel. Of the top 20 hardest hit districts (see Table 5, below), eight were in California (in rank order, the 15th, 14th, 16th, 13th, 31st, 34th, 50th, and 47th), four were in North Carolina (10th, 6th, 4th and 5th), three were in Texas (31st, 10th and 3rd), two were in Massachusetts (5th and 3rd), and one each in Oregon (1st), Georgia (9th), and Alabama (5th). Each of these districts lost more than 8,600 jobs (2.8% of total jobs in the district).

What is astounding in this report are the areas with the number one job losses from trade with China, the heart of those jobs of tomorrow we heard touted by politicians, is Silicon valley. Get that? It's not just India stealing the U.S. tech sector, it's China....


http://www.economicpopulist.org/content/24-million-jobs-lost-due-china-2001-2008


State by state interactive map, here:

http://www.americanmanufacturing.org/china-job-loss/



Much more detailed report, here:

China Trade Costs Local Jobs” by Robert Scott of the Economic Policy Institute.

1 Introduction
2 Currency Manipulation
3 Failed Expectations
4 Growing Trade Deficits and Job Losses
Trade and jobs, industry details
Trade, jobs, and the states
Job loss by Congressional district
8 Conclusion
9 Methodology
10 Estimation and Data Sources
Data requirements
Analysis
13 Endnotes
14 References

http://www.americanmanufacturing.org/china-job-loss/sites/all/themes/aamfg_theme/assets/epi_bp260.pdf

[Greyhound]

1. But, but, but...

never mind.
:kick: & R

[Leopolds Ghost]

2. Attributed to the global corporate state, you mean. The multinationals and their trade policies

Imposed on local jurisdictions.

What appalled them the most about Citigroup's problems is that it was an admitted member of the global multinational administration. It was supposed to be more powerful than any government, hence its ability to flout Glass-Steagall prior to passage of the Gramm-Clinton banking deregulation act. Hence the term "too big to fail"

[leftstreet]

3. Yep. This transnational expansion of capital is causing intra-class fighting

Although, they keep OUR class distracted and busy blaming each other and wondering which 'evil workers' took which jobs.

Imagine the stress of being a member of the Ruling Class right now. Think how freaked out you'd be trying to get some kind of stabilized world order for your precious neo-liberal capitalism.

[amborin]

4. it's the 18th

brumaire all over again!

[leftstreet]

5. hehe 'the first time as tragedy, the second time as farce'

perhaps, perhaps not

:scared: