Study: 2.1 million US manufacturing jobs lost to China

Published: August 27, 2012 6:00 am ET

Related to this story

Topics Public Policy, Molds/Tooling

WASHINGTON (Aug. 27, 12:30 p.m. ET) — The U.S. has lost more than 2.7 million jobs — 2.1 million in manufacturing alone — since 2001, because of the U.S. trade deficit with China, according to a study by the Economic Policy Institute.

Between 2001 — the year China entered the World Trade Organization — and 2011, more than half the U.S. manufacturing jobs eliminated during that period were lost because of the trade deficit with China, the study said. Some 662,100 jobs were lost between 2008 and 2011 alone, despite the plunge in Chinese exports to the U.S. in 2009, it said. Those exports have since recovered and now surpass pre-2008 levels, according to the EPI.

Plastic and rubber products alone accounted for 57,600 lost U.S. jobs, with motor vehicles and parts accounting for 9,800, the study said. The computer and electronic parts industry accounted for more than 1 million lost jobs, it said.

California lost 474,700 jobs, nearly twice as many as Texas, in second place with 239,600, the study said. Also experiencing massive losses were New York (158,800 jobs), Illinois (113,700), North Carolina (110,300), Florida (106,100), Pennsylvania (101,200), Ohio (95,900), Massachusetts (92,700) and Georgia (87,300).

Chinese imports accounted for 55.3 percent of all non-oil imports to the U.S. from less-developed countries in 2011, the study said. In addition to job loss and displacement, Chinese imports have also reduced the wages and bargaining power of non-college-educated U.S. workers, who total about 100 million or 70 percent of the U.S. work force, it said.

“The EPI report offers convincing evidence that, unless China’s trade violations and currency manipulation are challenged forcefully, our growing trade deficit will continue to cripple the fledgling U.S. jobs recovery,” said Scott Paul, executive director of the Alliance for American Manufacturing. The AAM is a coalition of the United Steelworkers union and various U.S. manufacturers.


Comments

Study: 2.1 million US manufacturing jobs lost to China

Published: August 27, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Hasco gets into augmented reality

October 17, 2014 6:00 am ET

Mold makers may be used to seeing cores and pins on the exhibition stand of a supplier — but not augmented reality that looks like it comes...    More

Image

Dow seeking new ruling on fine

October 16, 2014 6:58 am ET

Dow Chemical Co. has asked the 10th Circuit Appeals Court in Denver to think again about its decision to reject Dow's appeal against a $1.1 billion...    More

Image

$4 billion PE project for North Dakota

October 14, 2014 2:05 pm ET

North Dakota's largest-ever private investment — $4 billion — is being aimed squarely at the plastics industry, polyethylene in...    More

Image

Linear takes additive manufacturing to new levels in tools, prototyping

October 10, 2014 4:20 pm ET

Additive manufacturing was a natural fit for Linear Mold & Engineering Inc.    More

Image

Plastics firms ramp up production, donations in Ebola fight

October 10, 2014 3:57 pm ET

As health care workers around the world battle the spread of Ebola, plastics processors are doing their part — ramping up production and even gi...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events