Wage losses caused by growing U.S. trade deficits with China, 2011
|Changes in U.S. trade-related employment with China|
|By education group||For minorities*|
|Jobs (in thousands)||Jobs (in thousands)|
|Jobs gained due to growing exports to China (F)||538.0||179.8|
|Jobs lost due to growing imports from China (G)||3,280.2||1,138.6|
|Net jobs lost due to growing U.S. trade deficits with China (H)||-2,742.2||-958.8|
|Trade-related gains and losses in U.S. wage income|
|Wages (billions)||Wages (billions)|
|Net wages gained through growing exports to China (I = D x F x 52)||$2.3||$0.2|
|Net wages lost through growing imports from China (J= E x G x 52)||-$39.3||$10.3|
|Total wage losses (K = I – J)||-$37.0||-$10.1|
|Net loss per year per net displaced worker (K/H)||$13,504.58||$10,458.29|
|Net losses under hypothetical balanced trade:||Wages (billions)||Wages (billions)|
|At 2011 export level**||-$9.9||-$2.3|
|At 2011 import level***||-$40.6||-$9.4|
*Excludes non-Hispanic white workers.
**Assumes that U.S. exports are unchanged from their 2011 level of $96.9 billion, and that U.S. imports decrease proportionately to $96.9 billion (balanced trade).
***Assumes that U.S. imports are unchanged from their 2011 level of $398.5 billion, and that U.S. exports increase proportionately to $398.5 billion (balanced trade).
Source: Author's analysis of Current Population Survey Outgoing Rotation Group microdata, and Scott (2012)