A Review of the Evidence Finds U.S. Job Loss Chiefly Due to China Trade

Where did all the jobs go?

That’s the American economic question of our time. And it was the question a recent paper from a pair of researchers at the University of Maryland attempted to answer.

From a write-up in the local newspaper The Washington Post:

In a draft paper released by the National Bureau for Economic Research this week, (economists Katharine Abraham and Melissa Kearney) find that trade with China and the rise of robots are to blame for millions of the missing jobs.

Other popular scapegoats, such as immigration, food stamps and Obamacare, did not even move the needle.

What?!

We’re on record here at the Alliance for American Manufacturing saying that fears of job loss to automation may be slightly overblown. We even made a video about it!

But, this working paper certainly confirms our suspicions that Chinese import competition have been a major drag on the American employment market. According to Abraham and Kearney, Chinese imports cost the American economy 2.65 million jobs between 1999 and 2016.

Read more about this new economic research, and you can find the actual paper here.

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Reposted from AAM

Posted In: Allied Approaches, From Alliance for American Manufacturing

Union Matters

Raise the Wage!

From the AFL-CIO

It’s been a decade since the federal minimum wage was increased—the longest period in American history without an increase. In that time, the cost of living has increased and working families have struggled to make ends meet. The Raise the Wage Act would finally bring the federal minimum wage up to $15 an hour.

The House of Representatives is voting tomorrow on the Raise the Wage Act, and we need to make sure lawmakers know where workers stand. Will you show your support and ask your friends to call their representatives?

One in 9 workers in the U.S. is in poverty—even when working full time and year-round. Passing the Raise the Wage Act as it stands would empower working families in need and build an economy that works for everyone.

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The Richest Fantasy

The Richest Fantasy