Since 2001, the state of Texas lost more than 90,000 manufacturing jobs to China
A study released by the Economic Policy Institute showed that the state of Texas has lost more than 200,000 jobs to China since 2001
A study released by the Economic Policy Institute showed that the state of Texas has lost more than 200,000 jobs to China since 2001, including 34,100 jobs in 2007 alone. More than 90,400 employees in the computer and electronic products manufacturing sector lost their jobs and the outlook on manufacturing in Texas and the United States seems bleak. On a national level, 2.3 million U.S. jobs went to China since Beijing’s 2001 entry into the World Trade Organization, including 366,000 in 2007 alone nationwide. Not only is the U.S. losing jobs to China, workers’ wages are also being impacted. U.S. workers displaced by China trade lost an average of $8,146 in wages last year — a total of $19.4 billion overall — as they took lower-paying jobs. Scott Paul, executive director of the Alliance for American Manufacturing , said “All manufacturing is facing a critical challenge, as we know, but what may surprise people is how hard workers in advanced technology are being affected. As China diversifies its export base — and it’s already expanding its electronic products, aircraft, auto parts and machinery — more American products will be unfairly disadvantaged.”
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey