If We End Currency Manipulation by 2015, How Many Jobs Will Your State Gain?
Currency manipulation allows countries such as China to devalue their currency, artificially making Chinese goods less expensive and American products more expensive. This is a major contributing factor in our lopsided trade relationship with China.
***
A hat tip to the Economic Policy Institute (EPI) for this handy map that calculates the jobs created as a share of state employment from ending currency manipulation by 2015.
Currency manipulation allows countries such as China to devalue their currency, artificially making Chinese goods less expensive and American products more expensive. This is a major contributing factor in our lopsided trade relationship with China.
Who benefits from currency manipulation? Global corporations who ship jobs overseas to take advantage of the currency exchange rates but fail to pay workers living wages.
Read more on currency manipulation.
***
This has been reposted from the AFL-CIO.
