Meanwhile, Sen. Marco Rubio weighed in on the Economic Policy Institute report released on Thursday that found 3.7 million U.S. jobs have been lost to China since 2001. The Florida Republican is among those on Capitol Hill who have been critical of China, and expressed his concerns about the Phase 1 deal in a recent op-ed in The New York Times.
Responding to EPI’s latest findings, Rubio told AAM in a statement on Monday that unfair trade with China “has been a catastrophe for the United States and our manufacturing industry, robbing millions of Americans of dignified work.”
Alliance for American Manufacturing
February 5, 2020
Meanwhile, Sen. Marco Rubio weighed in on the Economic Policy Institute report released on Thursday that found 3.7 million U.S. jobs have been lost to China since 2001. The Florida Republican is among those on Capitol Hill who have been critical of China, and expressed his concerns about the Phase 1 deal in a recent op-ed in The New York Times.
MarketScreener
February 5, 2020
The United States lost about 451 manufacturing and 145 other jobs a day since sponsoring China’s entry into the World Trade Organization in 2001, the Economic Policy Institute reported.
But the Economic Policy Institute (EPI) found the 3.7 million U.S. job losses corresponds to the $17 trillion in U.S. trade deficits with China, and $17 trillion growth of U.S. national debt from 2011 through 2018.
EPI documents show that the worst state for percentage job losses as a result of China’s entry into the WTO was New Hampshire, which is set to hold the first Democrat presidential primary on Feb. 11. Unlike other states that had pockets of concentrated WTO job losses, EPI’s interactive map reveals that the losses blanketed the state’s high-skill mill towns such as Nashua, Manchester, Laconia, Portsmouth, and Concord.
The Epoch Times
February 5, 2020
Un informe publicado por Economic Policy Institute indica que el efecto del comercio de China en los trabajadores estadounidenses, luego que Beijing se unió en 2001 a la Organización Mundial del Comercio fue negativo, especialmente para California en volumen de empleos perdidos, pese a su actual récord de desempleo.
“California ha sido particularmente impactada porque, sorprendentemente, las industrias más afectadas han sido las de electrónica”, indicó Robert Scott, director de investigación de comercio y fabricación del Economic Policy Institute y coautor del informe junto con el analista de datos Zane Mokhiber según Los Angeles Times.
La Gran Epoca
February 5, 2020
A report by the Economic Policy Institute shows the trade deficit with China has cost millions of American jobs.
90.5 WESA
February 5, 2020
McClellan cited statistics from the Economic Policy Institute that 17% of domestic workers live in poverty. In Virginia, personal care aides make an average of $21,240 a year, while home health aides earn an average of $23,440 per year, according to the same data.
Capital News Service
February 5, 2020
As the Economic Policy Institute noted in 2018, “while wages are growing for most workers, wage growth continues to be slower than would be expected in an economy with relatively low unemployment.”
The American Prospect
February 5, 2020
A recent report by the Economic Policy Institute showed that “The Trump NLRB is committed to rolling back workers’ rights to a union and collective bargaining. It routinely advances political proposals based on flawed facts and flawed legal reasoning. Through decisions, general counsel memos, and rule making, the agency is making it more and more difficult for working people to have a voice in the workplace.”
New York Amsterdam News
February 5, 2020
Josh Bivens, research director at the Economic Policy Institute, said in a statement Thursday that Trump’s 2017 Tax Cuts and Jobs Act “seems like an unambiguous policy failure” in light of the GDP slowdown. “All in all, today’s data shows an economy that is far from overheating and with room left to spur growth through more public spending,” he said. “It also shows the failure of the 2017 tax cuts to durably lift growth.”
Courthouse News
February 5, 2020
In 2017, the Economic Policy Institute estimated that employers steal $15 billion annually from workers by paying less than the minimum wage.
TalkPoverty
February 5, 2020