nakedempire


The American Empire in a Changing World



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Tuesday, September 27, 2011

'The 10 States Losing the Most Jobs to China'

gotta blame congress too...............from the atlantic........

"China is stealing American jobs. Labor unions, politicians and economists have used this accusation for some time. The logic is simple. While a manufacturing job in the U.S. may pay $50 an hour, when salary and benefits are factored in, Chinese factory laborers make little more than a few hundred dollars a month.

With American companies moving operations to China and international companies preferring the cheaper Chinese-made goods, the Economic Policy Institute found the U.S. lost 2.8 million jobs to China in the past decade. While all states have been affected, 24/7 Wall St. looked at the ten states that lost the most jobs to China"..............READ MORE

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