Economic Policy Institute

The China Trade Toll - EPI

One of the favorite research institutions is the labor backed Economic Policy Institute.

They have just released a study that is so damning, it really deserves a full bore blog post. For now, some snippets:

The growth of U.S. trade with China since China entered the World Trade Organization in 2001 has had a devastating effect on U.S. workers and the domestic economy. Between 2001 and 2007 2.3 million jobs were lost or displaced, including 366,000 in 2007 alone. New demographic research shows that, even when re-employed in non-traded industries, the 2.3 million workers displaced by the increase in China trade deficits in this period have lost an average $8,146 per worker/year. In 2007, these losses totaled $19.4 billion

and it goes into details, but here is something I think should raise all eyebrows!